CIC eyes US investments for portfolio diversification

The Chinese sovereign wealth fund is eyeing more investments in the US market.

China Investment Corporation (CIC) is looking to make more direct investments in the US market in a bid to diversify its portfolio.

In particular, CIC will focus on investing in businesses in the technology, manufacturing and infrastructure sectors. Meanwhile, it has also expressed interest in emerging sectors, such as healthcare, to strive for a more balanced portfolio.

Currently, CIC allocates approximately 40 percent of its $813 billion assets to overseas investments.

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