Absrtact: Beijing, July 26 (reporter Cao Hua) CIC announced its 2012 annual report today. Last year, the annual yield of CIC's offshore portfolio was 10.6%, and the cumulative annual yield since its inception was 5.02%, according to the report. At the annual Report Conference, CIC
BEIJING, July 26 (Xinhua Cao Hua) CIC released its 2012 annual report today. Last year, the annual yield of CIC's offshore portfolio was 10.6%, and the cumulative annual yield since its inception was 5.02%, according to the report. In the annual report, Liu Fangyu, deputy director of the Foreign Affairs Department of CIC, said the CIC team was in contact with Alibaba and no further information was available.
Last September, media reports said CIC had bought shares and bonds of more than $2 billion trillion (about 12.7 billion yuan) from Alibaba, with Boyu Capital, Citic Capital and the National Development Bank's private-equity firm, which invested $1 billion unilaterally.
As to whether the investment is a direct investment of CIC, Liu Yufang said that the direct investment project announced by CIC in this annual report was disclosed in accordance with the laws and regulations of the information disclosure of the investment country, and the Information disclosure threshold and regulations. However, for Alibaba this project, the next work of the CIC project team is contacting them, there is no further information.
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