China sovereign fund CIC profit rises on record overseas returns

China sovereign fund CIC profit rises on record overseas returns

The headquarter building of China Investment Corporation (CIC) is pictured in Beijing, China, March 1, 2016. REUTERS/Jason Lee

China‘s sovereign wealth fund China Investment Corp (CIC) posted a 37.55 per cent rise in 2017 net profit, boosted by record-high returns from its overseas portfolio.

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