The Singapore Government Investment Corporation (GIC) is an international sovereign fund of Singapore, which was established in 198 1 to manage Singapore's foreign exchange reserves. GIC has invested in more than 40 countries, including stocks, fixed income, foreign exchange, commodities, money markets, alternative investments, real estate and private equity.
Development course:
In 2008-2009, when the financial crisis swept the world, GIC quickly made a decision to sell the stock to minimize the impact of the portfolio. Today, the proportion of stocks in the company's portfolio has returned to normal and continues to bring excellent returns to the company.
20 12, GIC conducted a comprehensive review and adjustment of the company's investment policy. This is the second major adjustment since the establishment of 198 1. The purpose of this adjustment is to enable the company's asset portfolio to cope with a more challenging and complex investment environment and ensure that the company can continue to maintain a good long-term return on investment.
GIC adopted a new investment framework from April 1 2003. The new framework will give full play to GIC's core advantages, including rich international investment experience, long-term investment vision, cross-asset investment ability, experienced investment team and clear responsibility governance structure. This also enables GIC to better cope with the ever-changing venture capital environment after the global financial crisis.
Baidu Encyclopedia-Singapore Government Investment Company