China Investment Corporation, with a registered capital of US$ 200 billion, is China's sovereign wealth fund to invest overseas. CIC was established on September 29th 2007 with the issuance of special bonds worth RMB 1.55 trillion by the Ministry of Finance. These were, in turn, used to acquire approximately USD 200 billion of China's foreign exchange reserves and formed the foundation of its registered capital.
Central Huijin, a wholly-owned subsidiary of CIC, is responsible for injecting capital and restructuring state-owned financial institutions. It was established to invest in key state-owned financial institutions in China, but is not involved in day-to-day issues within the institutions in which it invests.