Russian Direct Investment Fund (RDIF) is a $10 billion fund established by the Russian government to make equity investments primarily in the Russian economy.
RDIF was created in 2011 under the leadership of the President and Prime Minister of Russia to co-invest alongside leading global investors, acting as a catalyst for direct investment in Russia.
China Investment Corporation (CIC) is a wholly state-owned company with a mandate to invest and manage overseas assets.
CIC was established as a vehicle to diversify China’s foreign exchange holdings and seek maximum returns for its shareholder within acceptable risk tolerance. CIC holds the investment principles and approaches of independent decision-making grounded in market conditions.