CIC Annual report releases 58 billion dollars in total new investment

"Caijing reporter Wang Yanchun" CIC's global investment in 2009 amounted to $58 billion trillion, and in 2009 CIC's offshore global portfolio returned 11.7%.　　CIC has achieved a total return on capital of 12.9% per cent for its shareholders after the combined return on overseas investment and the return of CIC's wholly owned subsidiary, Central Huijin.　　July 29, 2010, China Investment Co., Ltd. (hereinafter referred to as "CIC") issued the Board of Directors approved by the annual Report 2009 (hereinafter referred to as the "Report"), which is the CIC since its inception the second annual report. The annual report reflects the company's financial position of December 31, 2009 and the results of its 2009 operations and cash flow.　　CIC's independent auditor has audited the company's consolidated financial statements and issued an unqualified audit report. Lou Jiwei, chairman and chief executive of CIC, said in the annual report that CIC's aim was to diversify the country's foreign exchange funds and gain a better long-term return after a risk adjustment. In the 2008, with the worsening global economy, CIC took the initiative to slow the pace of investment.　　CIC accelerated its investment distribution in May 2009 after signs of a global economic recovery. CIC's 2009 global portfolio is reported to be more diversified than the previous year, with the focus on global open market equities and bonds.　　In addition, the company has made direct investments in a number of highly qualified companies, including infrastructure, commodities and renewable energy.　　In contrast to the 2008 annual report, CIC reported more information in its 2009 report, adding a summary of Financial instrument accounting policies this year, in addition to the balance sheet and profit statement. Founded on September 29, 2007, CIC is a wholly state-owned company established in accordance with the law of the People's Republic of China, headquartered in Beijing. CIC registered capital of 200 billion dollars. Of CIC's $200 billion trillion in registered capital, the portion used for offshore investment is slightly above 50%, while the remainder is invested in domestic financial institutions through central Huijin. The two types of investment business are completely independent of each other. (Network editor Liu Yue)