China's CIC overseas returns fall but fund still strong on US equities and external managers
China's sovereign wealth fund's 2020 returns may have declined, but the fund remains upbeat about US equities, external managers and the prospects for the Greater Bay Area
China Investment Corporation (CIC) recorded a year-on-year 3.34 percentage point dip in returns from its overseas investments in 2020. However, the Chinese sovereign wealth fund still plans to forge ahead with a greater allocation to US equities as well as hire more external managers, build international partnerships and boost the Greater Bay Area.
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