Web Exclusive

CIC's North American equities list revealed

By Qiang Xiaoji (chinadaily.com.cn)
Updated: 2010-06-10 17:07
Large Medium Small

China Investment Corp (CIC), the nation's sovereign wealth fund, revealed in a report filed to the US Securities and Exchange Commission (SEC) on June 1 that it held a total of 10.5 percent of shares in Canada's Penn West Energy, the 21st Century Business Herald reported Thursday.

According to another report filed on March 19, the $300 billion fund owned 15.8 percent of the US-based energy company AES's shares.

Related readings:
 CIC's North American equities list revealed CIC sees 10% investment loss in May
 CIC's North American equities list revealed CIC appoints new senior execs
CIC's North American equities list revealed China's CIC to invest in L'Occitane's HK IPO
 CIC's North American equities list revealed CIC seeks extra $100b forex reserve for investment
CIC's annual report showed that the fund had turned its investment from financial enterprises to more diversified sectors. It had invested in 84 US-listed companies, owning stocks valued at $9.63 billion as of Dec 31, the newspaper said.

An unidentified source close to CIC revealed that the Chinese fund would invest in US-based hedge fund York Capital in the near future, but the investment volume was not yet finalized.

CIC also invested in famous US brands such as Coca Cola, Apple, Johnson & Johnson and News Corp. China's Internet company Shanda Interactive Entertainment Limited is also on the list, according to the report.