Business

China Sovereign Wealth Fund Rose 30.4% in 2024
By Reuters | 09 Dec, 2025

The net profit on China's $1.57 trillion in national investments assets totaled $140.64 billion.

Sovereign wealth fund China Investment Corp (CIC) on Tuesday said its 2024 net profit rose 30.4% from a year earlier as strong returns from overseas investments helped it exceed its performance targets. 

In its annual report, the firm said net profit rose to $140.64 billion from $107.86 billion a year earlier.

Its annualised cumulative net investment return on overseas investments for the decade ending in 2024 was 6.92%, beating the fund's target, it said.

Beijing-based CIC was founded in 2007 to help China earn a higher return on its foreign exchange reserves.

Through its Central Huijin Investment subsidiary, CIC was a shareholder in 19 Chinese state-owned financial institutions at the end of 2024, including China Development Bank and Industrial and Commercial Bank of China . 

State-owned financial capital under the management of Central Huijin reached 6.87 trillion yuan ($971.5 billion) at the end of 2024, up 6.4% from the beginning of the year, it said.

CIC said its total assets reached $1.57 trillion at the end of 2024, with net assets of $1.37 trillion. 

(Reporting by Ziyi Tang and Ethan Wang in Beijing, Kane Wu in Hong Kong; Editing by Tom Hogue and Thomas Derpinghaus)