Functional departments

Public Relations & International Cooperation Department

The Department is responsible for managing CIC's external relations and public affairs.  Its external relations remit includes coordinating relations with media and other communities of interest, while its public affairs function includes the review of public policy in key markets.  Other functions also include global macroeconomic analyses and country-level studies. In addition, the Department serves as the secretariat of CIC's International Advisory Committee.

Legal and Compliance Department

The Department oversees corporate legal and compliance affairs.  It is responsible for managing legal exposure, supporting other departments across the institution, and safeguarding CIC's assets and proceeds to ensure external and internal legal compliance.

Operation Department

The Department is responsible for day-to-day operational and administrative affairs across the institution.  Its functions include implementing internal control systems, managing the operating platform, and providing administrative services and other logistics support to ensure CIC operates efficiently and effectively.  It also provides assistance to the Board of Directors and Executive Committee.

Asset Allocation & Strategic Research Department

The Department is responsible for the formulation of CIC's investment strategy and determination of its asset allocation.  In addition, it manages investment targets, compiles risk assessments, and conducts ongoing analysis of issues in key financial markets, industries, and economies around the world.  The Department also serves as the secretariat of CIC's Investment Committee.

Public Market Investment Department

Implement traditional beta strategies in public-market equities, fixed-income products, commodities, currencies, as well as cash management; Recruit, manage and evaluate external fund managers; Research on relevant markets; Formulate investment strategies and build portfolios, and make necessary adjustments.

Tactical Investment Department

Manage internal portfolios and absolute-return investment in public markets; Recruit and evaluate external fund managers; Research on relevant markets; Formulate investment strategies and build portfolios, and make necessary adjustments.

Private Market Investment Department

Invest in private markets through third-party managers, limited partnership, co-investment vehicle or partnership, etc.; Invest in real estate and infrastructure markets; Recruit and evaluate external fund managers; Research on relevant markets; Formulate investment strategies and build portfolios, and make necessary adjustments; Monitor and conduct portfolio management.

Special Investments Department

Make large-scale investments with concentrated positions over longer horizons; Monitor and conduct portfolio management.

Risk Management Department

The Department is responsible for crafting and enforcing a company-wide risk management framework and risk management process to ensure that it is able to identify, assess, and monitor various types of risks involved in investment activity and asset management.  It is also tasked to set adequate monitoring and contingency mechanisms and bring mitigation solutions.  The Department is mandated to measure levels of risk and, when necessary, undertake actions that return the actual level of risk to within a desired range.  It also calculates risk-adjusted returns, investment performance, and serves as the secretariat of the Risk Management Committee.

Finance and Accounting Department

The Department is in charge of corporate accounting, and prepares and produces relevant financial reports, including annual reports and other financial statements in accordance with national accounting standards.  As part of that responsibility, it manages the annual budget process, prepares relevant financial analysis, carries out cash flow management, and conducts clearance and settlement of investment transactions.

Human Resources Department

The Department is responsible for formulating CIC's human resource strategy, and managing personnel policies and other related issues, including staff planning, recruiting, career development, performance evaluation, remuneration, and compensation.

Information Technology Department

The Department is responsible for building, managing, and maintaining CIC's information technology system to ensure the smooth and effective operation of the company's investments and other business activities.

Supervision Department

The Department ensures that all members of the governing bodies and staff act with integrity at all times.  It formulates and implements the inspection process, establishes and strengthens internal disciplinary and prevention systems, monitors staff conduct, and manages any internal or external claim of misconduct.

Supervisory Board Office / Internal Audit Department

Mandated by the Board of Supervisors, the Department is responsible for developing the working mechanisms for the Board, establishing internal audits procedure, and anti-fraud practices.  The Department is responsible for conducting internal auditing and assisting external audits to ensure all organizational units are functioning effectively.  In addition, the Department is responsible for assisting the Board of Supervisors in monitoring and evaluating the performance of members of the Board of Directors, executives, and other employees.

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