中投公司成绩单：境外投资十年年化收益近7% 境内中央汇金担当市场“稳定器”

Core Insights - China Investment Corporation (CIC) reported total assets of $1.57 trillion and net assets of $1.37 trillion as of December 31, 2024, reflecting a 6.44% increase in state-owned financial capital managed by its subsidiary, Central Huijin, which reached 6.87 trillion RMB [1][2] Group 1: Financial Performance - CIC's overseas investment portfolio consists of 48.49% alternative assets, 34.65% public market equities, 15.53% fixed income, and 1.33% cash and other assets [2] - The annualized net return over the past ten years is 6.92%, exceeding the benchmark by 61 basis points, while the cumulative annualized net return since inception is 6.39% [2] - In the first half of 2025, CIC's investment returns are reported to be strong, surpassing the board's performance targets [2] Group 2: Strategic Capabilities - CIC's performance highlights three core capabilities: strategic determination in volatile environments, market sensitivity through optimized asset allocation, and enhanced autonomous investment capabilities [3] - The 2024 global macroeconomic environment is characterized by high interest rates, inflation, and geopolitical uncertainties, which pose challenges for foreign investment activities [3] Group 3: Investment Strategy - CIC is focusing on refining its public market investment strategies and enhancing flexibility in investment adjustments to adapt to market conditions [4] - In the private market, CIC is innovating investment models and strengthening partnerships to increase investment activity, particularly in emerging markets like the Middle East [4] Group 4: Role of Central Huijin - Central Huijin, as a wholly-owned subsidiary of CIC, plays a crucial role in managing state-owned financial enterprises and maintaining capital market stability [6] - Since 2008, Central Huijin has participated in stabilizing the capital market and will continue to act as a stabilizing force in the future [6] Group 5: Unique Competitive Advantage - The combination of overseas investment and domestic financial capital management creates a unique competitive advantage for CIC, balancing market-driven efficiency with policy guidance [7] - This dual approach supports national financial security and promotes sustainable development through coordinated efforts in both domestic and international markets [7]