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China’s central bank biggest global public investor

Staff writer ▼ | June 28, 2016
The People’s Bank of China (PBOC), has remained the world’s biggest sovereign asset holder, with more than $3.4 trillion (RM13.8 trillion) on its books.
Investing   Despite suffering a 12 percent slump
This is despite suffering a 12% slump in the value of its assets in 2015, a new report showed.

The annual report compiled in its third year by the Official Monetary and Financial Institutions Forum (OMFIF) looks at asset management performance by public investors such as central banks, sovereign funds and public pension funds.

Total assets under management of the 500 largest public investors fell by 2.9% or $855bil (RM3.47bil) to $28.99 trillion (RM117.55 trillion) in 2015.

The decline was driven primarily by central banks, which saw their assets shrink by 6.1% due to low oil prices, a fall in gold prices and rising capital outflows from emerging market economies.

Meanwhile public pension funds saw assets fall by 0.6%, while those of sovereign funds grew at 0.04% - their slowest pace in at least a decade, said OMFIF.

with Asian institutions continuing to dominate the ranking. Within the top 10, the biggest climb was by the China Investment Corporation, Beijing’s sovereign wealth fund, which rose to number five after its assets under management increased by 14.4%.

The move displaced the Saudi Arabian Monetary Agency (SAMA) - the kingdom’s central bank - which registered a more than 15% fall in its assets under management, the greatest loss in the top 10.