Chinese investment goes global: the China Investment Corporation

Abstract

Purpose

The purpose of this paper is to provide a detailed overview of the China Investment Corporation (CIC) and its structure, investment activities and possible future investments.

Design/methodology/approach

This paper uses a case study approach and builds up a picture of sovereign wealth globally and then focuses on the CIC and issues surrounding the fund.

Findings

The key implications from the research are that Asian sovereign wealth is going to be increasingly important in global investment. The CICs investment strategy is evolving and becoming evermore sophisticated. As the fund grows this will result in increased demand for local financial services and expertise and so where representative offices are located will impact on those financial centers.

Research limitations/implications

Future research should expand the scope of the analysis to include other sovereign wealth funds and try to map out a comprehensive picture of sovereign wealth around the world.

Originality/value

This is one of the first papers to look at sovereign wealth and is believed to be the first paper to analyze Asian sovereign wealth and the CIC.

Citation

Cai, C. and Clacher, I. (2009), "Chinese investment goes global: the China Investment Corporation", Journal of Financial Regulation and Compliance, Vol. 17 No. 1, pp. 9-15. https://doi.org/10.1108/13581980910934009