China investment corporation ownership [ citation needed ] SDIC's industrial investment mainly goes to power generation , [ 2 ] coal mining , [ 3 ] ports and shipping, chemical fertilizer production, and CHINA INVESTMENT CORPORATION ANNUAL REPORT 2023 CHINA INVESTMENT CORPORATION ANNUAL REPORT 2023 11 12 Headquartered in Beijing, China Investment Corporation (CIC) was incorporated in September 2007 under the Company Law of China with a registered capital of USD 200 billion, raised through government bond issuance of CNY 1. 4%). firms, land and other assets. 3 billion) London office complex. 65-billion investment by Sinopec Corp. Geely, a privately-held Chinese firm, is the sole owner of the London Electric Vehicle Company, which produces London black cabs, and has a majority stake in Lotus, the sports car 3 days ago · China CITIC Bank Corporation is a commercial bank organized into four divisions: - investment banking (73. Founded in 2004, it is a wholly-owned subsidiary of Central Huijin Investment and is an integrated investment group focused on equity investments. 219 % 692,581,776: 7. China Investment Corp. 4 trillion in currency reserves. 37bn Jul 1, 2011 · In the last two years, Chinese state investments in Canada have included a $1. E. government of Pakistan The Ministry of Finance, as a key pillar of the Government of Pakistan, has been tasked with ensuring a strong Pakistani economy by formulating sound economic governance policies and providing expert advice to the Government. Investment Banking; Corporate Banking; SME Banking; Treasury & Financial Institutions; Our POLICIES TOWARDS FOREIGN DIRECT INVESTMENT. 7 billion ($7. 55 trillion. The Fundâ s investment objective is long-term capital appreciation which it seeks to achieve by investing primarily in equity securities of companies for which the principal securities trading market is in the Peopleâ s Republic of China (China), of companies for which the principal securities Jun 30, 2015 · The Group sold 2. The Companyâ s engineering contracting businesses mainly include the construction of railways, highways, urban tracks, water conservancy and hydropower projects, buildings, municipal projects, bridges, tunnels, airports and marine ports, among others. 0. Jul 12, 2024 · As of January 2022, the company’s ownership structure is as follows: a Taiwanese-owned conglomerate with significant business ties to China. 65bn, a 49 per cent share (£1. (the Fund) is a non-diversified, closed-end management investment company. The Annual Report disclosed CIC’s financials, performance, overseas investment activities and domestic equity management as at December 31, 2020. It impacts all companies in the PRC and introduces significant changes. 219 % 764 M $ Share ownership. in oilsands producer Syncrude Canada Ltd. The State Administration of Foreign Exchange (through Buttonwood Investment Holding Co. 34M. Ltd. Uncover the latest insider trading activity for China Construction Bank Corporation (939). ), and Export-Import Bank of China respectively contributes 65%, 15%, 5% and 15% of the capital. , Ltd. 4th Floor, C-14-C, Touheed Commercial, 26th Street, Phase-V DHA Karachi Pakistan. CIC engages in equity investments in domestic financial institutions and overseas investments in alternative assets and traditional capital market products. Sep 9, 2008 · In an exclusive interview, Lou Jiwei, China Investment Corp. and a $679 18 hours ago · Since 2015, Volvo (owned by Geely Car Company) has sold Chinese assembled XC60's in the U. VW AG 100%: Beijing Volkswagen Beijing Center Company Ltd. 05: China Energy Engineering's Wins Bid for Huainan Luohe Power Plan EPC Project Phase 4 MT Nov. By virtue of China Investment Corporation controlling CIC International Co. CITIC Group Corporation Ltd. Construction and Contracting segment is mainly engaged in the construction services of power engineering and provides some non-power engineering construction. [4] Investment Banking; Corporate Banking; The Company; Ownership Structure; 2025 Pak China Investment Company Limited. (Powertrain) VW 60%, FAW 40%: Changchun FAW-Volkswagen China Power Investment Corporation was the surviving legal person, but renaming to State Power Investment Corporation, while State Nuclear Power Technology Corporation became a subsidiary. 89M shares representing 8. Central Huijin, which is headquartered in Beijing, was established in December 2003 and mandated to exercise the rights and the obligations as an investor in major state-owned financial enterprises, on behalf of the People's Republic of China ("State"). 18 CHINA INVESTMENT CORPORATION ANNUAL REPORT 2022 CHINA INVESTMENT CORPORATION ANNUAL REPORT 2022 14 Headquartered in Beijing, China Investment Corporation (CIC) was incorporated in September 2007 under the Company Law of China with a registered capital of USD 200 billion, raised through government bond Investment China Investment Corporation operates as an investment management firm. The CIC was founded in 2007 China Investment Corporation (CIC) was established on September 29, 2007, by the Chinese government in compliance with the Company Law of the People’s Republic of China. Its five large state-owned power generation companies are: Datang, Guodian, Huadian, Huaneng, and China Power Investment Corporation. Our ethical ratings and stories for China Investment Corporation | Ownership structure and associated brands | Related shopping guides. But so far, no 'homegrown' Chinese car company has entered the U. The deal took ownership of Britain's busiest airport to more than 40% Nov 10, 2023 · The global manager of alternative investment products attaches great importance to the Chinese market, and has committed over $1 billion of capital in China, including a China pre-IPO technology fund. 38% Hong Kong Securities Clearing Company Limited; 0. FDI has played an essential role in China’s economic development. Established in 2003 by the People's Bank of China, five years later it became a wholly-owned subsidiary of China Investment Corporation, with its own Board of Directors and Board of Supervisors. [relinking] Home History Owners Mission How It Works How It Makes Money A Brief History of China Tianying Inc. CIC is a sovereign wealth fund responsible for managing part of the People's Republic of China's foreign exchange reserves. Jun 30, 2015 · ENGIE has been present in China for over 40 years. Founded in 1994, China Tianying Inc. (CCB-PAM) is an independent Chinese asset management firm which was founded in 2005 as a joint venture between China Construction Bank Corp. UL], state-run Xinhua Finance News reported, as part of a plan to Dubal Holding is the wholly owned subsidiary through which ICD holds a 50% stake in EGA along with other industrial entities. 219 % 764 M € Share ownership. Aug 25, 2019 · The Myitsone Dam project, developed jointly by the state Myanmar Ministry of Electric Power, the privately-owned Myanmar Asia World Company and the China Power Investment Corporation (CPI), was supposed to be the largest hydropower plant in Myanmar, yet it was halted in September 2011 as a result of significant criticisms over the dam's Jan 29, 2024 · The China Fund, Inc. CIC was established in 2007 with approximately $200bn of assets under management. (SHA: 601939, HK: 939, ADR: CICHY), Principal Financial Group and China Huadian Group. Ltd China Investment Corporation (through Seres Investment Co. Nov. Terrific Investment Corp's Aes shares are currently valued at $792. Blackstone nor Beijing disclosed why the China Investment Corp gave up its ownership stake, which originally accounted for 9. China Investment Corporation (CIC) is a sovereign wealth fund that manages part of China's foreign exchange reserves. com is the market leading news and analysis site for the world’s largest institutional investors. Jan 3, 2025 · China Energy Engineering Corp Ltd is a China-based company mainly engaged in power engineering construction business. 32% China Reform Investment Co. 941 billion, growing by 0. 2 million euros ($500 million), a 4 days ago · China Investment Corp. The Company is also engaged in survey, design and consulting services business, the manufacture of engineering equipment and components, and real estate development. The Company operates five segments. 41%, with investment income of USD 42. (JIC) is a Chinese investment company owned by the government of the People's Republic of China. 38% year on year. (CTY) is a leading player in the recycling industry, specializing in hazardous waste disposal and resource recovery. 2 trillion in 2021 [4] and US$1. [21] Dec 30, 2024 · China Petroleum & Chemical Corporation specializes in the refining and distribution of oil products. 29% Abu Dhabi Investment Authority; 7. Singapore’s sovereign wealth fund and the Australian Retirement Trust each own nearly 11 per cent. [19] Its state-owned grid companies are State Grid Corporation of China (SGCC) and China Southern Power Grid Corporation. It is wholly owned by the Chinese government and has its own corporate entity status. ); - treasury management (3. This treaty would newly expose the U. ); - individuals (15. This article has been written to introduce our Chinese Company Ownership Charts - a popular element of our company verification reports. We have supported China’s national strategies and embraced historic opportunities brought on by the across-the-board registration-based reform, the mixed-ownership reform, the supply-side reform, the Belt and Road Initiative, and the development and opening-up Nov 12, 2024 · Share ownership China Construction Bank Corporation Shanghai S. CIC vies for office complex in London [2012-12-25 09:33] China Investment Corp is reported to be among a trio of Asian investors vying to buy an 800 million pound ($1. China's largest sovereign fund, CIC was established in 2007 with about US$200 billion of assets under management, a number that grew to US$1,200 billion in 2021 [4] Sep 7, 2010 · CCB Principal Asset Management Co. This investment valued the joint venture at Aug 19, 2021 · China Investment Corporation is a wholly state-owned company incorporated under the Company Law of the People's Republic of China. 25-billion investment by China Investment Corp. The State Council of the People's Republic of China China Investment Corporation (CIC) is a sovereign wealth fund that manages part of China's foreign exchange reserves. Equities 601939 CNE100000742 China Investment Corp. (Central Huijin)—were incorporated separately and function as three distinct entities. VW (China) 70%, Automobile Repair Company Beijing 30%: Beijing Volkswagen FAW Platform Company Ltd. Wins the Bid for the Huainan Luohe Power Plant Phase IV 2×1000MW Coal Power EPC Project Terrific Investment Corp is the largest individual Aes shareholder, owning 59. In 2008, ENGIE opened its first representative office in China and started to develop relationship and cooperation with Chinese partners in the energy field such as: natural gas, LNG, gas infrastructure, energy services and engineering services, for projects in China as well as in overseas markets. 92% Other Public Shareholders (A+H shares) Sep 5, 2018 · China Railway Construction Corporation Limited is a China-based company principally engaged in the engineering contracting businesses. Jul 13, 2020 · The China Investment Corporation, China’s sovereign wealth fund, owns a 10 per cent stake in Heathrow airport (as well as a 9 per cent stake in Thames Water). In 2020, the company was producing around 445,000 barrels of oil equivalent per day, of which 69 percent was natural gas. China Investment Corporation (CIC) is a sovereign wealth fund that manages part of China's foreign exchange reserves. As of 2007, the People's Republic of China had US$1. (Investment Company) The Company. 18 china investment corporation annual report 2022 Headquartered in Beijing, China Investment Corporation (CIC) was incorporated in September 2007 under the Company Law of China with a registered capital of USD 200 billion, raised through government bond issuance Share ownership China Everbright Limited Shanghai - Hong Kong Stock Connect China Investment Corp. [ 2 ] Central Huijin Investment Ltd. Jan 29, 2024 · China plans to merge three of the nation's biggest bad debt managers into sovereign wealth fund China Investment Corp (CIC) [CIC. The company was founded in 1989 with a $50,000 initial investment by Tom L. [5] China Investment Corporation (CIC; Chinese: 中国投资有限责任公司; pinyin: zhōngguó tóuzī yǒuxiàn zérèn gōngsī) is a sovereign wealth fund responsible for managing part of the People's Republic of China's foreign exchange reserves. Other COFCO Fortune shareholders alongside COFCO Group, as its controlling majority shareholder, include National Council for Social Security Fund, COSCO Shipping, China Chengton, China Life, China Public-Private Partnerships Fund, Hopu Investment Management, China Investment Corporation, Temasek, and Affirma Capital. stock exchange. May 3, 2021 · Meanwhile the sovereign wealth fund China Investment Corporation (CIC) has built up a portfolio featuring a 10 per cent share in Heathrow Airport valued at £1. market to sell their own engineered vehicles here. Investment Banking; Corporate Banking; The Company; Ownership Structure; 2025 Pak China Investment Company Limited. [6] That year, the China Investment Corporation was established with the intent of using these reserves for the benefit of the state by investing abroad in investments that are higher risk and higher reward than government bonds. See full list on investopedia. Overview of the 2024 China Company Law . , a $4. Headquartered in Beijing, China Investment Corporation (CIC) was founded on 29 September 2007 as China's sovereign wealth fund incorporated in accordance with China's Company Law, with a registered capital of $200 billion. is a Chinese sovereign fund company under the China Investment Corporation owned by the State Council of China. The Company operates as a wholly state-owned company and a vehicle to diversify China's foreign exchange holdings and seek On December 1, 2023, China Investment Corporation (CIC) released the Annual Report 2022 (Annual Report) as approved by the Board of Directors. Company Ownership. 2. The company provides investment banking, securities sales and trading, asset management and private equity investment services. May 3, 2016 · Nov. The state has injected a total of $49 billion into China Investment Corporation International Co. Sep 25, 2020 · With strong implementation of the company’s Five Year Strategic Plan, CIC successfully achieved all operational targets for the year. They can offer valuable guidance and support, ensuring foreign businesses successfully navigate the complexities of setting up in China. As a responsible investor, we abide by the laws and regulations of China and recipient countries and conscientiously fulfill our corporate social responsibilities. This Law is the reference text also governing foreign investment and shareholdings in China. As a long-term financial investor, CIC invests globally and independently. (CIC) is buying a 7 percent stake in satellite fleet operator Eutelsat of Paris from Spain’s Abertis Telecom for 385. Using a difference-in-differences methodology, we find that state-owned enterprises (SOEs) make In 2017, China International Capital Corporation (CICC) formed a strategic partnership with Krane Funds Advisors, LLC taking a majority ownership stake in the firm. , Limited, which is the parent of Harvest Investment Corporation, China Investment Corporation may be deemed to share beneficial ownership of the shares held by Harvest Investment Corporation. CICC International is CICC's sole offshore investment-banking platform and wholly owned subsidiary. It focuses on leading the global investment industry to continuous improvement through case studies of best practice in governance and decision making, portfolio construction and efficient portfolio management, fees and costs, and sustainable investing. As China’s sovereign wealth fund, CIC serves as a vehicle to diversify China’s foreign exchange holdings and seeks maximum returns for its shareholder Established in September 2007, China Investment Corporation (CIC) is a state-owned investment company responsible for managing part of China’s foreign exchange reserves. Other investments comprise a minority stake in Sinoway Carbon Company Ltd, a Calcined Petroleum Coke production facility in China’s Shandong Province, a majority stake in OSE Industries LLC (OSE), an aluminium extrusion company in Dubai, UAE, and full ownership of 5 days ago · ZTE Corporation specializes in the design, manufacturing and marketing of telecommunications equipment and solutions. The company is headquartered in Beijing and has developed a substantial footprint in the Chinese environmental services market. Aug 27, 2021 · On August 27, 2021, China Investment Corporation (CIC) released the Annual Report 2020 (Annual Report) as approved by the Board of Directors. 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 group is headquartered in Beijing and owns more than 160 wholly What does Corporation China Legal Professional offer? Corporation China Legal Professional provides expert knowledge and experience in Chinese corporate law and regulations. State Development and Investment Corporation (SDIC) (国家开发投资公司) is the largest state-owned investment holding company in China. [3] Its headquarters are in Chaoyang District, Beijing. By virtue of China Investment Corporation being the parent of CIC International Co. The Annual Report disclosed CIC’s financials, performance, overseas investment activities and domestic equity management as at December 31, 2022. QI Bin no longer serves as Executive Vice President of CIC. 42% of the company. 9%): 198. (CIC International), a wholly owned subsidiary of CIC. 2% of net banking income); - retail banking (20. ), China Development Bank (through China Development Capital Co. -China Bilateral Investment Treaty (China BIT) would grant Chinese firms broader rights than exist currently to purchase U. 9% Jul 12, 2023 · CICC, China's flagship investment bank, is 40. As an international company undergoing fast growth while managing a large overseas portfolio, we offer an extraordinary platform for professionals to give full play to their talents and develop their careers. Key areas of interest include energy, renewable energy, new technologies, energy efficiency, and etc. [1] Sep 7, 2010 · China Construction Bank Corporation: Company profile, business summary, shareholders, managers, financial ratings, industry, sector and market information | Shanghai June 2024: VIS Assigns Long Term Entity Rating of 'AAA' to Pak China Investment Company Limited | May 2024: First Finance Facility Agreement for Export of Chillies from Pakistan to China signed between PCICL & LTEC | January 2024: Pak China Investment Company Signed MoU with & LONGi Solar Technology Co. , a $1. The prominent ratings agency reports that Minmetals is “a backbone state-owned enterprise (SOE) and a state-owned capital investment company. Board Of Directors; Managing Director; Deputy Managing Director; Management; Mission & Vision; Our Core Value; Statement of Ethics and Business Practices; Employee of the year; Ownership Structure; Governance Structure; Product & Services. Ltd | October 2023: MOU Signed between Pak China Investment Company Limited & China Mar 13, 2018 · Neither . December The China Investment Corporation Strategic Plan 2018-2022 drew to a successful conclusion with all major objectives and tasks set forth in the plan accomplished successfully. 6 days ago · Find the distribution by types of shareholders of China Life Insurance Company Limited listed on the Shanghai S. Dec 1, 2023 · The ownership structure also includes Qatar Investment Authority holding a 20 per cent stake and China Investment Corporation with 10 per cent. Know which insiders are buying and selling along with top shareholders and ownership breakdown. VW AG 100%: Beijing Volkswagen Finance (China) Company Ltd. Jun 2, 2017 · Headquartered in Beijing, CIC was founded on 29 September 2007 as a wholly state-owned company incorporated in accord with China’s Company Law, with registered capital of $200 billion. , formerly the China International Trust Investment Corporation (CITIC), is a state-owned investment company of the People's Republic of China, established by Rong Yiren in 1979 with the approval of Deng Xiaoping. Though the PRC remains a relatively restrictive environment for foreign investors, PRC government officials tout openness to FDI, promising market access expansion and non-discriminatory, “national treatment” for foreign enterprises through improvements to the business environment. The Annual Report shows that in 2019 and on USD terms, the company’s overseas investments posted a net annual return of 17. The Company; Ownership It was incorporated as China Development Bank Corporation in December 2008, and officially defined by the State Council as a development finance institution in March 2015. Nov 7, 2023 · What Is the China Investment Corporation (CIC)? The China Investment Corporation (CIC) is the sovereign wealth fund (SWF) of the People's Republic of China. At the end of 2015, it had over $810bn in assets under management. The company's financial businesses include commercial banking, investment banking, trust, insurance, fund management and asset management and its non-financial businesses include real estate, engineering contracting, energy and resources, infrastructure construction, machinery manufacturing In 2015, SRF provided financing to China National Chemical Corporation (ChemChina), China’s largest chemical company, to buy the Italian company Pirelli, the world’s fifth-largest tire maker Dec 29, 2023 · 1. Similarly, Buick has sold the Buick Envision here, which has been assembled in China since 2014. 3 trillion in December 2024. 9 per cent of Blackstone when it was acquired in 2007 for $3bn. We recruit talent with global investment experience and familiarity with Chinese culture to join the young sovereign wealth fund. 's powerful CEO, aims to turn China's year-old, $200 billion sovereign wealth fund into one of the world's leading investors. China Investment Corporation (CIC), founded on 29 September 2007, was established as a vehicle to diversif Central Huijin Investment Ltd. CICC Highlights: CICC is a leading, publicly traded, Chinese financial services company with expertise in research, asset management, investment banking, private equity and wealth Mar 1, 2024 · Since the establishment of the National IC Industry Investment Fund in 2014 and the Interim Measures for the Management of Government-Funded Industrial Investment Fund issued by the National Development and Reform Commission in 2016, common institutional ownership has become increasingly important in China’s capital markets. 1% owned by parent Central Huijin Investment Ltd. Sep 21, 2015 · In October 2012, 10% of Heathrow Airport was sold to the China Investment Corporation - China's sovereign wealth fund. Pak China Investment Company Limited Karachi Office. [1] It was established on 5 May 1995. As an investment banking business flagship of ABC, ABCI has top-quality professionals, rigorous governance structure and sound management. About Us Ownership structure: Ownership structure is a key strength of PCICL. ("Central Huijin") is a state-owned investment company incorporated in accordance with China's Company Law. Net sales break down by market as follows: - wired and mobile network operators (73%): sales of network systems and equipment (routers, switches, modems, servers, WLAN products, Ethernet gateways, broadband access systems, optical products, etc. Nov 26, 2024 · As a long-term financial investor, CIC invests globally and independently. Since its inception, CICC’s investment banking business (IB) has always been at the forefront of China’s economic transformation. 74 % 560 M $ Sep 19, 2016 · A consortium of global and domestic funds, backed by investors including China Investment Corp, agreed to buy Australia's busiest port for a higher-than-expected A$9. 2 billion. At the end year 2021, CDB had the total assets of RMB 17,167. China Jianyin Investment Co. may be deemed to share Mar 8, 2023 · According to Refinitiv data, the sovereign wealth fund China Investment Corp owns a 10. government to demands for compensation from Chinese investors and firms operating in the United States through investor-state dispute Company Ownership Location Volkswagen (China) Investment Company Ltd. The State Council of the People's Republic of China Three subsidiaries of CIC—CIC International Co. 32% China Structural Reform Fund Corporation Limited; 0. Approved on December 29, 2023, the sixth amendment to the China Company Law is now in force since July 1, 2024. Dec 16, 2024 · As per the decision of the Board of Directors, Mr. 3 billion), a Dec 30, 2024 · China International Capital Corporation Limited is specialized in providing investment services for businesses, institutions and individuals. SPIC also re-incorporated as a limited company from Industrial Enterprise Owned by the Whole People legal form in 2017. China Investment Corporation (CIC), founded on 29 September 2007, was established as a vehicle to diversify China's foreign exchange holdings and seek maximum returns for its shareholder within acceptable risk tolerance. , which controls Flourish Investment Corporation, China Investment Corporation and CIC International Co. Discover the geographical origin of the shareholders of China Life Insurance Company Limited. Provider of financial and non-financial services in China. We highly acknowledge and appreciate Mr. If you're new to stock investing, here's how to buy Aes stock . China Investment Corporation and ENGIE (known as GDF Suez prior to April 24, 2015) signed Memorandum of Understanding to reinforce their investment cooperation. (Investment Company) 49. Ward and Aubrey McClendon. 3%): sales of standard and specialized banking products (consumer credit, property loan, leasing, etc. Introduced as a feature in our "Pro" & "Full Scope" company verification reports since October 2017, these charts help clients to better comprehend a Chinese company's shareholding structure by providing a visualization of available ownership data. [20] Most Chinese universities are SOEs. 3 million tons of oil products (essence, diesel and distillate products) sold in 2018. 3% stake in Teck, China's state-owned CITIC Metal Group owns 26% in Ivanhoe Mines while China's largest Dec 20, 2022 · Chesapeake Energy Corporation is an Oklahoma City based company engaged in hydrocarbon exploration. The PRC’s “Big Six” state-owned commercial banks – Agricultural Bank of China, Bank of China, Bank of Communications, China Construction Bank, Industrial and Commercial Bank of China, and Postal Savings Bank of China – dominate the sector and are largely stable, but smaller regional banks have higher rates of non-performing loans and Mar 2, 2024 · According to the Fitch Ratings website, China Minmetals Corporation is 100% owned by the Chinese central government through the State-owned Assets Supervision and Administration Commission (SASAC). 1%); - other (3. 74 % 838,306,207: 49. Our sponsors are: Ministry of finance. Wins the Bid for the Huainan Luohe Power Plant Phase IV 2×1000MW Coal Power EPC Project A proposed U. Net sales break down by activity as follows: - distribution of oil products (49. 9-billion investment by PetroChina Co. (Central Huijin), which is authorised by the State Council to make equity investments in major state-owned financial enterprises. QI Bin’s important work and his outstanding contributions to enhancing CIC’s investment capabilities, developing new methods for outbound investment, and deepening cooperation and communication on cross-border investment. Based in Hong Kong and supported by the mainland, particularly through close co-operation with mainland branches, ABCI eyes international capital market and provides comprehensive and integrated financial services by drawing on ABC's powerful capital The Fund has a total capital of US$40 billion and RMB 100 billion. Oct 7, 2010 · CHINA RAILWAY GROUP LIMITED is a China-based company principally engaged in infrastructure construction business. com China Investment Corporation (CIC) was established on September 29, 2007, by the Chinese government in compliance with the Company Law of the People’s Republic of China. (Investment Company) 7. Jun 1, 2023 · Overall, investment opportunities reinforce the negative and positive effects of ownership concentration on debt and cash, respectively, among POEs, suggesting that POEs' inclinations to shun debt and hoard cash at high levels of ownership concentration are strengthened if those firms possess valuable investment opportunities. S. 05: China Energy Engineering Corporation Limited Announces China Electric Power Engineering Consulting Group Southwest Electric Power Design Institute Engineering Co. The State Council of the People's Republic of China . In Dec 3, 2024 · Exploiting the regulatory change in China’s Environmental Protection Law in 2015 as a plausibly exogenous shock to the stringency of pollution control, we evaluate the joint role of state ownership and environmental regulation in shaping firms’ environment-friendly (green) investments. in Calgary-based Penn West Petroleum Ltd. (CIC International), CIC Capital Corporation (CIC Capital) and Central Huijin Investment Ltd. in Athabasca Oil Sands Corp. 3 million metric tons of LNG to the China National Offshore Oil Corporation (CNOOC), with deliveries beginning in 2013, and installed the first floating regasification terminal in China. China's largest sovereign fund, CIC was established in 2007 with about US$200 billion of assets under management, a number that grew to US$1. Jun 22, 2012 · PARIS — China Investment Corp. 64% China National Investment and Guaranty Corporation; 0. About CIC In accordance with the Company Law of China and CIC’s Articles of Association, the Board of Directors is responsible for establishing and overseeing the company’s development strategies, operational policies, and investment plans; determining major matters to be reported on to shareholders; approving the annual budget and final accounts; appointing and removing senior executives; and Top1000funds. 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