CIC was incorporated in September 29, 2007. It was established as a vehicle to diversify China's foreign exchange holdings and seek maximum returns for its shareholder within acceptable risk tolerance.

CIC was initially capitalized with $200 billion in reserves purchased from the People's Bank of China in exchange for RMB1,550 billion in sovereign bonds issued by the Ministry of Finance. The state has injected a total of $49 billion into China Investment Corporation International Co., Ltd. (CIC International), a wholly owned subsidiary of CIC.

CIC is mandated to make overseas investments and equity investments in financial institutions in China. CIC’s overseas investment activities, undertaken by CIC International and CIC Capital, include public equity and bond investments; hedge fund and multi-asset investments; industry-wide private equity and private credit investments; direct investments and fund investments in sectors such as real estate, infrastructure, resources and energy, and agriculture; and the management of bilateral and multilateral funds.

Central Huijin undertakes equity investments in state-owned financial institutions in China. Without interfering in the day-to-day operations of its portfolio companies, Central Huijin exercises its rights and performs its obligations as a shareholder to the extent of its capital contribution.

Strict firewalls separate the overseas investment activities of CIC International and CIC Capital and the domestic equity management operations of Central Huijin.

CIC is committed to its role as a prudent, professional, and responsible investor operating globally with a good reputation. The principles that underlie CIC's investment activities are: CIC invests on a commercial basis. Its objective is to seek maximum returns for its shareholder within acceptable risk tolerance. CIC is a responsible investor, abiding by the laws and regulations of China and of recipient countries and regions and conscientiously fulfilling its corporate social responsibilities. CIC is a financial investor and does not seek control of the companies in its portfolio. CIC pursues investments based on in-depth research within an asset allocation framework to ensure a prudent and disciplined approach in both decision-making and investment activities.

CIC has built a balanced, robust investment portfolio across different asset classes including public equities, fixed income, alternative assets, cash products and others. Public equities refer to equity investment in listed companies. Fixed income refers to bonds, including sovereign and corporate bonds. Alternatives assets include hedge funds, industry-wide private equity, private credit, real estate, infrastructure, and resources/commodities. Cash products and others include cash, overnight deposits, US Treasury bills, etc.

CIC seeks to continuously optimize its management tools and decision-making standards and processes. We have developed a sound, disciplined, and efficient investment decision-making framework that gives due consideration to quality, efficiency, and compliance. This decision-making framework underpins our ability to make well-structured, professional, and effective overseas investments.

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 Private Market Investment Committee and the Dynamic Asset Allocation Committee. CIC has issued pertinent rules in order to further enhance the efficiency and quality of decision-making and clarify the authority and accountability in relation to investment management.

Pursuant to guidelines set by the Board of Directors and the Executive Committee, the Asset Allocation and Investment Policy Committee, the Public Market Investment Committee, the Private Market Investment Committee, and the Dynamic Asset Allocation Committee 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.

To further improve the efficiency and quality of investment decisions, the company expanded its team of dedicated investment committee members and has continued to fine-tune relevant working procedures. Dedicated members participate throughout the entire investment decision process, leveraging their strengths as independent and dedicated professionals with a holistic view and evaluation expertise.

The objective of risk management is to put in place effective policies, mechanisms, systems, and processes for investment and operations to maximize the returns for the shareholder within an acceptable risk tolerance.

At the decision-making level, the company further improved its risk management governance framework by establishing a Risk Management Committee under the Board of Directors, a Comprehensive Risk Management Committee under the Executive Committee, and three subcommittees focusing on different business areas. These committees have played an important role in guiding and supervising investment activities and have continuously enhanced their specialization in risk oversight.

At the execution level, CIC rigorously enforces its “three lines of defense” under a multitiered, pan-asset class, and whole-process risk management framework. All departments serve as the first line of defense within their business scope. Investment managers are primarily responsible for managing risks in the investments they oversee. The Risk Management Department, together with the Legal and Compliance Department and the Public Relations and International Cooperation Department, constitutes the second line of defense. These functions independently exercise risk management responsibilities, balancing and supporting business operations. The Risk Management Department leads the company's overall risk management efforts by developing and improving related policies and procedures. The third line of defense: the Internal Audit Department evaluates and inspects the effectiveness of the first and second lines of defense, providing oversight of the risk management framework.

The company has continued to refine its risk management system, strengthen the counterbalancing role of risk oversight within investment activities, and harmonize risk management efforts across business segments. Our comprehensive framework covers twelve key risk categories: market, credit, operational, legal and compliance, reputational, geopolitical, information technology, integrity, climate risks, etc. We have continually refined risk management tools across multiple levels, from total portfolio to individual asset classes and specific portfolios or deals. These enhancements have bolstered our risk monitoring and management capabilities, keeping investment activities within defined risk tolerance.

CIC is a long-term institutional investor with a 10-year investment horizon that applies annualized rolling returns as its key performance metric.

CIC has three overseas branches—China Investment Corporation International (Hong Kong) Co., Ltd., the New York Representative office and the London Representative Office.

As a responsible, globally active institutional investor, CIC consistently plays a bridging role between China and the rest of the world. The company is committed to win-win cooperation, deepening its international communication and engagement efforts through multi-channel, multi-layered approaches. These efforts aim to build consensus for shared prosperity and stability, and to strengthen confidence in global development.

As a charter member of the International Forum of Sovereign Wealth Funds (IFSWF), CIC has implemented Generally Accepted Principles and Practices — the Santiago Principles in good faith and actively participated in the IFSWF. CIC is committed to facilitating the wider acceptance of the Santiago Principles, engaging in investment and risk management cooperation among sovereign wealth funds, and contributing to the improvement of the global investment environment.

From the outset, CIC has fostered a high degree of transparency, a practice appreciated by recipient countries or regions and business partners. Through its official website, WeChat account, annual reports, spokesperson, press releases, and other channels, CIC discloses key operational and management information on corporate governance, investment strategies and philosophies, major investment activities, sustainable development, corporate responsibilities, executive personnel changes, investment performance, and so on.

CIC has started to release annual reports since 2009. These reports contain information on CIC's corporate overview, culture and core values, governance, overseas investment, domestic equity management, risk management, human resources, global outreach and financial statements.

As a global investment institution, CIC encourages individual career advancement. CIC welcomes talent with diverse cultural backgrounds from all over the world to bring wisdom, passion and creativity to the firm. In return, CIC provides challenging career opportunities in different regions. CIC provides equal opportunities for all applicants, regardless of nationality. Apply now.