BEIJING, July 29 (Xinhua) -- China Investment Corporation (CIC), the country's sovereign wealth fund, said Thursday in its newly released annual report that the rate of return on its global portfolio for 2009 was 11.7 percent, after a negative 2.1 percent in 2008.

This is CIC's second annual report. The overall return on registered capital of the Chinese wealth fund reached 12.9 percent in 2009, after combining with the return of the China Huijin Investment Ltd., CIC's wholly-owned subsidiary which invests exclusively in China's domestic financial institutions.

The company has quickened its pace of overseas investments since the start of May last year. It invested 58 billion U.S. dollars globally after a slowdown in 2008 of only 4.8 billion U.S. dollars. Enditem

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