Closer Look: CIC's Central Huijin Screen

Although China's sovereign wealth fund China Investment Corp.'s annual report is not as transparent as the market expected, valuable details such as the performance of the company's domestic investment arm in Central Huijin Investment Ltd. can be gleaned.

Central Huijin was established in December 2003 with the mandate to act as a major investor in state-owned enterprises on behalf of the central government. In September 2007, the Ministry of Finance issued special treasury bonds and acquired all the shares of Central Huijin from the central bank and injected the assets into the newly-established CIC.