Consult on CIC (200billions$) Appointment of External Investment Managers
China Investment Corporation Limited (hereafter the “CIC”，) plans to select a group of external investment managers for its business needs.
CIC is Chinese sovereignty wealth fund. It has 200billions$ capital funds. 70 billions $ will be invested in global capital markets.
Ⅰ Agenda
Applicants wishing to participate in the selection procedure must bring along the certification documentation (Letter of Attorney) in person to file an application to the CIC during the period from 12 December to 20 December 2007.
Ⅱ Selection Procedure
The selection procedure is divided into the following stages:
Application,
Preliminary Review,
Second Review,
Fees & Contract Negotiation, and Result Announcement.
The CIC shall select managers based on the application documents provided by the Applicant, the interview, the experience of the investment teams and track record of the specific asset class, the management fee proposal, and other relevant considerations.
Ⅲ Mandate Types
1. Global Equity Active
2. MSCI EAFE Active
3. Emerging Market Active
4. Asia ex
Ⅳ Qualification Requirements
1. Financially stable, strong reputation, and robust risk management processes;
2. More than 6 years (as at September 30, 2007) of investment experience in the asset class they apply for;
3. The firm’s total assets under management must not be less than US$5 billion (or equivalent currencies);
4. Investment professionals responsible for the CIC mandates must have the appropriate qualifications in their home country or region;
5. Strong governance structure and robust internal/compliance/risk management systems;
6. Senior management and investment professionals must conform to similarly high standards as the firm they represent;
7. Have not been severely penalized by the regulatory bodies over the past three years in the home country or region (as at 12 December 2007).
Ⅴ Consultantant on global investment institutions
www.cnfinancer.com, the Beijing Banker Investment Consulting co., the leading service provider for finance, the bridge between
Professionals: Yang changhan( Finance Ph.D., Visiting professor)
Zou zhaohong(Senior accountant )
16 years financial experience. Served many global financial giants.
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