CIC urges cautious investment approach because of Covid-19 uncertainty

The chief investment officer of the China Investment Corporation (CIC) has warned that the Covid-19 pandemic will affect the global economy for longer than many people expect. In the search for more stable returns, the Chinese sovereign wealth fund (SWF) will continue its push into ESG and private market investment. During a session of the Asian Financial Forum on January 10, Ju Weimin, CIO of CIC, who is also the vice-chairman and president of the $1.2 trillion SWF, the country's…