China sovereign fund CIC records first loss on overseas investments in 4 years

China sovereign fund CIC records first loss on overseas investments in 4 years

A clerk counts Chinese yuan and U.S. dollar banknotes at a branch of Bank of China in Taiyuan

China’s $813.8 billion sovereign wealth fund posted its first loss on overseas investments in four years last year as commodity prices sunk, while stock and bond returns were damped by negative interest rates and a strong U.S. dollar.

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