The Annual Report published CIC's overseas portfolio, investment performance, and financial report as of December 31, 2014. It also provided detailed information on CIC's corporate governance, corporate culture and core values, investment strategy and management, risk management, human resources and global outreach.

In his message to the public, Mr. Ding Xuedong, Chairman and CEO, reviewed CIC's progress in four fronts including investment strategy, investment management, investment support and investment cooperation during the past year, and laid out objectives and strategies for its development in the future.

In 2014, against a backdrop of complicated and rapidly changing global economic conditions and increasing competition for quality assets in the financial markets, CIC continued to manage its overseas investment activities prudently while taking new measures in business expansion and corporate governance, achieving the target of preservation and appreciation of assets under management. CIC International Co., Ltd., CIC's subsidiary undertaking overseas investment, achieved a net return of 5.47% in 2014 and a net cumulative annualized return of 5.66% since CIC's inception. As of the end of 2014, CIC's total assets surpassed $740 billion.

As two lines in a Chinese poem go, "Running water at the fount, Clear water in the pond". Only by continually improving and reinventing itself can an institution grow from strength to strength. Through the challenges and opportunities that lie ahead, CIC will prove its worth as a responsible long-term financial investor. Going forward, CIC will explore new models for investment cooperation in multiple dimensions and at various levels and make new progress towards becoming a world-class and respected sovereign wealth fund.

Please refer to Annual Report 2014 for more information.