China's Wealth Fund Set To Invest €1bn in Paris

According to European media sources following a recent visit to Beijing by the French President, Chinese sovereign wealth fund China Investment Corporation is said to be ready to invest €1bn in property and infrastructure developments within the Grand Paris regional renewal project.

"CIC would be ready to commit €1bn to Grand Paris, particularly for property operations and infrastructure," the presidential office said during a recent visit to China by Hollande.

French state financing body CDC (Caisse des Dépôts et Consignations) would co-invest 20%-40% of the sum provided by CIC. Its investment would be made through the CDC International Capital unit, which specialises in direct investments in partnership with sovereign funds and international institutions.

CIC is a wholly state-owned company established in 2007 to diversify China’s foreign exchange holdings and seek maximum returns for its shareholder within certain risk limits.

The fund has some $575bn under management and has been eyeing investment in European infrastructure and real estate for more than two years. It recently acquired the €1.3bn Celsius Franco-Belgian retail portfolio in partnership with property investment manager AEW Europe. The deal was CIC's biggest property acquisition to date in mainland Europe.



Top stories from across the globe

  • A Short History of Investing in Gold – and What to Expect for 2017
  • Asia Pacific's Top Six Credit Risks For 2017
  • The 5 Most Shocking News in 2016
  • Hazel Moore: Banks Are Completely Wasting Valuable Customer Data
  • Morgan Stanley CEO Makes First-Ever Stock Sales After Bank Rally
  • Former Goldman's Partner in Boutique Venture
  • Hong Kong and Singapore in Push for Fee Transparency

PHOTO GALLERIES Networking Event Networking Event

Show pictures

stars China Symposium 2016

stars China Symposium 2016

Show pictures

Compare my salary

Compare my salary

Feeling Underpaid? Benchmark your salary by job title, company and location. Find out where you stand in minutes.

compare my salary


Newsletter-SymbolFree Subscription

Subscribe to our free newsletter and receive daily email alerts from the finews editorial team with a list of the top featured articles.

Share with us

Do you have any market intelligence to share with – email us on – All communication is completely confidential and strictly anonymous.