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BEIJING- Chinese public firms saw better performance last year due to a firming economy and structural reforms, with businesses in emerging tech industries reporting stellar profits.

BEIJING -- Total assets of China Investment Corporation (CIC), the country's sovereign wealth fund (SWF), surpassed 0 billion as of August.The figure is more than triple the original capital of 9 billion when the fund was founded a decade ago. It has grown quickly to become the world's second-largest SWF, only after the Government Pension Fund of Norway, whose assets reached one trillion dollars last month.CIC has generated an annual return of 14.35 percent, with that from overseas investment at 5.51 percent."Compared with other financial institutions, our biggest advantage is that we are backed by the Chinese market," CIC's general manager Tu Guangshao said.By the end of 2016, almost half of CIC's overseas investment was in public equities, followed by alternative assets, fixed incomes, cash and others. Around two-thirds of the investment was externally managed.Tu said CIC's growth in the next 10 years will depend on its efforts to invest in China's economic transformation and push forward the global march."CIC will devote itself to serving as a bridge linking businesses and markets at home and abroad," Tu said.

BEIJING — China's National Equities Exchange and Quotation (NEEQ), also known as the "new third board," saw 18 new small and medium-sized enterprises this week.

BELGRADE - At the invitation of the Republic of Serbia, Ji Bingxuan, special envoy of Chinese President Xi Jinping, attended the inauguration ceremony of the newly-elected Serbian President Aleksandar Vucic here on Friday.

BEIJING -- Yun Guangzhong, a former senior official of Inner Mongolia autonomous region, has been prosecuted on the charge of taking bribes, according to the Supreme People's Procuratorate (SPP).