CHINA INVESTMENT CORPORATION - CIC
Government-sponsored entity of China, which invests in securities and commodities worldwide. This sovereign wealth fund was originally funded with about $200 billion, coming from the issuance of long-term treasury bonds by the People’s Bank of China (PBOC). Then, the bond proceeds were exchanged into dollars via the foreign exchange market. Established in 2007, the CIC has $575.2 billion in assets as of 2013.
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