China Investment Corp., the country's sovereign wealth fund, posted a 10.6% return on last year's investments abroad. CIC President Gao Xiqing attributed the growth on the company's overseas investments to a diversified investment approach. He told Xinhua News Agency that diversification was better than simply purchasing treasuries.

Using new capital infusion last year, the sovereign wealth fund improved its position in the public equities market, its annual report said. It also stated that it had generated steady returns in its investments in real estate, infrastructure, and agriculture, among others. Without providing specifics, the CIC also reported that it had exited on certain private equity investments and reviewed all its direct investment projects.

The rally of the global equities market last year also helped the CIC. Then CIC Chairman Lou Jiwei was able to reverse the fund's losses because of the 13% jump of the MSCI World Index. Since 2011, the overseas investment unit of the CIC had additional received government capital worth USD 49 billion.