9.33-pct return for China's sovereign wealth fund

China Investment Corp.(CIC), the country's sovereign wealth fund, had a net return of 9.33 percent on its overseas investment in 2013, the company said in a report on Friday.

The fund's return rate declined slightly from 10.6 percent in 2012, but is still much better than its 4.3-percent loss in 2011.

The cumulative annualized net return has stood at 5.7 percent since the CIC's inception in 2007, according to the report.

The CIC was founded with initial capital of 200 billion US dollars and aims to manage China's massive foreign exchange reserves.