20th February, 2026
The lunar calendar turned to the Year of the Fire Horse this week. In traditional Chinese symbolism, the Horse represents movement, independence and forward drive, while the Fire element adds intensity and volatility.
Subscriber Post
11th February, 2026
Over the past two years, China–US tensions have increasingly shaped the portfolio strategies public pension funds and sovereign wealth funds leading to a structural recalibration in how China and the US are accessed, financed and exited.
Subscriber Post
19th January, 2026
When concerns began to circulate late last year that the Trump administration was preparing to upend the tax treatment of SWFs, the reaction saw lawyers issue alerts, investors reviewing strategies and fund managers fielded anxious calls.
Subscriber Post
11th December, 2025
China Investment Corporation (CIC) closed 2024 with record assets and another year of benchmark-beating performance, according to its annual report released this week. But beneath the headline numbers, the sovereign wealth fund is leaning more on borrowing, ramping up its international portfolio, and disclosing less about how and where it invests.
Subscriber Post
3rd December, 2025
China Investment Corporation’s plan to sell about US$1 billion of US private equity fund stakes is a small transaction relative to its US$1.3 trillion balance sheet – but it captures a much larger shift in how Chinese sovereign capital engages with Wall Street.
Subscriber Post
8th October, 2025
Across the biggest sovereign wealth funds, leaders have reached a common view of 2025: the world is at the beginning of a long period of uncertainty in which debt, deglobalization and geopolitics keep volatility elevated, while technology - especially AI - creates durable pockets of growth.
Subscriber Post
6th October, 2025
Late last year, China Investment Corporation (CIC) quietly registered a London representative office, taking a foothold in the UK without any public announcement.
Subscriber Post
3rd September, 2025
Thames Water’s slow-motion crisis has become the Rorschach test for how attractive - or not - UK regulated infrastructure is to sovereign wealth funds (SWFs) and public pension funds (PPFs).
Subscriber Post
25th April, 2025
Something big is happening in 2025. Sovereign wealth funds (SWFs) - the US$13 trillion heavyweights of state capitalism - are no longer just chasing yield. They're making political moves.
Subscriber Post
21st April, 2025
A tectonic shift is under way in global capital markets as Chinese sovereign wealth funds quietly retreat from the once-fertile fields of US private equity.
Subscriber Post
9th April, 2025
Markets have snapped. Trump’s dramatic tariff volley has set off a chain reaction. China hit back fast and global stocks are erratic amid a guessing game over the mercurial President Trump's next move.
Subscriber Post
27th September, 2024
China Investment Corporation (CIC) released on Friday its 2023 Annual Report, with some positive results. The overseas investments of the Chinese SWF returned +10.7% in the fiscal year ending on December 31, 2023, for a 10-year annualized return of 6.6%, right at the world's average.
Subscriber Post