The National Social Security Fund added $17.8 billion in Chinese equities last year across the consumer and healthcare, real estate, automotive, industrial, resource, and infrastructure sectors.
The sovereign wealth giant says it will prioritise employee retention.
China Investment Corporation and Silk Road Fund held talks with Saudi Arabia’s information technology minister, underscoring growing China-Saudi cooperation.
CIC is not part of a consortium shortlisted for the infrastructure project, a source told AsianInvestor. The company that announced the consortium being shortlisted confirmed CIC's participation.
For the $1.35 trillion alternative-heavy China Investment Corporation, it could be just a matter of time before it surpasses the world's largest sovereign wealth fund Norwegian Government Pension Fund Global.
Back in 2014, China Investment Corporation had started expanding offshore private equity exposure, while the American pension fund actively sought Asia-based partners.
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
After posting a 12% annual return for 2020, China Investment Corporation is emphasising tie-ups with foreign fund partners to attract know-how and technology into its home market.
The Chinese sovereign wealth fund believes co-investments can effectively expand its investment pipeline but is looking outside the US for fund vehicles or direct investments.
The likes of China's CIC, New Zealand Super and Australia's Future Fund see cyber risks as a key threat. Some of their peers, however, are wary of discussing the problem.
China's sovereign wealth fund is accelerating its overseas drive into private equity, property and infrastructure after recording a return of 6.22% last year.
Australian infrastructure projects are attracting investors who are looking for certainty and reliable returns. Investors are favouring brownfield projects, or greenfield sites with government backing.