CIC maintains a methodical, disciplined, and effective decision-making framework for overseas investment and investment management. Decision-making bodies at different levels have clear divisions of responsibility with coherent interlinkages. Investment decisions are made with due consideration to both efficiency and compliance.
At present, investment decisions at different levels and for different asset classes are implemented by four committees:
• the Asset Allocation and Investment Policy Committee
• the Public Market Investment Committee
• the Non-Public Market Investment Committee
• the Dynamic Asset Allocation Committee
Pursuant to guidelines set by the Board of Directors and the Executive Committee, these committees formulate investment strategies, policies, and performance and risk targets, and also devise or revise investment management systems and procedures accordingly. These committees convene regularly (and on an ad hoc basis when necessary) to review investment proposals and take independent investment decisions.
In 2021, CIC has developed new guidelines to optimize the decision-making system and the delegation of decision-making authority. The revamped approach adopts uniform rules, processes, and templates to ensure that investment functions at all levels have clear divisions of responsibility with coherent interlinkages, thereby heightening decision-making efficiency. All investment activities are functioning smoothly under the new system.
In parallel, CIC has also established a “dedicated member of investment committee” mechanism to support high-quality decision-making. They participate in the entire investment decision-making process, leveraging their expertise and experience to provide independent perspectives and professional suggestions.