(MENAFN) China's sovereign Wealth Fund exceeds 900b USD since August, which is over triple the original capital of 249b USD, when the established 10 years ago.
The capital has increased fast that it has become the second-biggest SWF internationally, after the 1 trillion USD of the Government Pension Fund of Norway.
China Investment Corporation's general manager Tu Guangshao said: "Compared with other financial institutions, our biggest advantage is that we are backed by the Chinese market,"
He also added that the expansion of CIC in the next 10 years will rely on its efforts to invest in the economic conversion of China.
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