China Investment Corporation is a sovereign wealth fund responsible for managing part of the People's Republic of China's foreign exchange reserves. CIC was established in 2007 with approximately US$200 billion of assets under management. At the end of 2017, the CIC had over US$941 billion in assets under management. It is China's largest sovereign wealth fund. In 2021, the China Investment Corporation had US$1.2 trillion in assets under management.
China's Belt and Road spending in Russia drops to zero