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.
Former ESG head from GPIF join IFRS sustainability board; CIC chair of the board of supervisors departs; Prudential Hong Kong appoints Lawrence Lam as CEO; Chubb Life Hong Kong appoints new president; AustralianSuper promotes Daniel Lim to investment director; BlackRock makes two key hires in Asia; and more.
China Investment Corporation is merging a unit overseeing billions of dollars in private equity and infrastructure investments into its main operations; Australian superannuation plan targeting women has shut down after three years; Taiwan's Cathay Life commits to PE fund vehicle; Chinese state-backed firms take over Sino-Korea Life; and more.
The China Investment Corporation released guidelines on reaching carbon neutrality at the portfolio level in the next five years and beyond;China will allow foreign institutional investors to trade bonds after record selloff; Westpac is transferring its superannuation funds to Mercer Super Trust; Korea's Government Employees Pension Service chooses alternative investment head at Samsung Life as new CIO.
The fund's chief investment officer used an appearance at this week's Asian Financial Forum to highlight CIC's approach to sustainable investing
The SWF also aims to review and update its negative investing list on a regular basis to prevent systemic risk.
Experts eye real estate equity, Reits and developments backed by big names as fears of property bond defaults mount and Chinese regulators clamp down on a major insurer’s alternative investments.
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
Australian Catholic Superannuation and NGS Super abandon merger plans; ASX 200 has no all-male boards for the first time; CIC posts 6.82% 10-year net returns; Cambridge Associates applies for licences to conduct business in Hong Kong; Korea's NPS records 7.49% returns for H1 this year; Korea Post seeks managers for ESG stocks mandate; GIC invests in Hong Kong ESG data start-up MioTech; and more
Asia's largest asset owners will see their enormous assets swell even further in the coming decade. They risk becoming too large to effectively manage their money.
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.