H.E. Mr. LOU Jiwei: Innovative Exploration for the Development of Sovereign Wealth Funds in China
China Investment Corporation (CIC) is recognized as a sovereign wealth fund that conforms to international norms. Over the past 15 years, the CIC has been following mechanisms: to diversify investment centered on asset allocation; to adhere to financial investment and responsible investment; to establish a transparent and standardized management system, and a investment decision-making and risk management mechanism; and to implement a long-term investment philosophy. The CIC aims to fulfil its duty as a SWF that seeks higher returns over a longer period and takes higher risks. On the international front, CIC actively implements the governance in transparency and standards.