Yes, it is a sovereign fund, which is basically under the jurisdiction of the foreign exchange bureau. After all, money comes from foreign exchange reserves.

China Investment Corporation; During the preparatory period, it was called "National Foreign Exchange Investment Corporation" and was established in Beijing on September 29th, 2007. It is a large state-owned investment company approved by People's Republic of China (PRC) and the State Council. The company's funds will come from China's national foreign exchange reserves; With a registered capital of US$ 200 billion, it is one of the largest sovereign wealth funds in the world.