China Investment Corporation

About CIC

As a sovereign wealth fund, CIC is a vehicle to diversify China's foreign exchange holdings and seek maximum returns for its shareholder within acceptable risk tolerance.

Governance

CIC set up its Board of Directors and Board of Supervisors in accord with China's Company Law. The three governing bodies of CIC are the Board of Directors, the Board of Supervisors and the Executive Committee.

Investments

As a long-term financial investor, CIC invests globally and independently. As a responsible investor, we abide by the laws and regulations of China and recipient countries and conscientiously fulfill our corporate social responsibilities.

Media

As a large institutional investor, and to become a world-class sovereign wealth fund, CIC has implemented the Santiago Principles in good faith, demonstrating its commitment to timely information disclosure while protecting its reasonable business interests.

Careers

People are our most valuable resource.
We encourage professional enhancement and career development, by recruiting talent from different countries with different cultures, bringing in wisdom, passion and creativity. Meanwhile, we advance our employees' careers by providing challenging opportunities in investment management and regional development.

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China Investment Corporation Invests in Penn West Energy Trust

13-05-2010

China Investment Corporation (“CIC”) has, through one of its wholly-owned subsidiaries ,entered into an agreement with Penn West Energy Trust ("Penn West") to form a partnership to develop Penn West’s bitumen assets located in the Peace River area of northern Alberta, Canada. CIC will invest approximately CAD $817 million to acquire a 45% interest in the partnership. CIC has also agreed to purchase, through a wholly-owned subsidiary of CIC, 23,524,209 trust units of Penn West for an aggregate purchase price of approximately CAD $435 million on a private placement basis, representing approximately 5% of Penn West’s issued and outstanding trust units.

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