Annual Report 2022

9 China Merchants China Direct Investments Limited Annual Report 2022 INVESTMENT MANAGER’S DISCUSSION AND ANALYSIS (CONTINUED) THE PORTFOLIO As of 31 December 2022, the Fund’s total investments amounted to US$690.07 million. The sector distribution of investments was US$454.23 million in financial services (representing 63.47% of the Fund’s total assets), US$53.66 million in culture, media and consumption (7.50%), US$162.89 million in information technology (22.76%), and US$19.29 million in other ventures (including manufacturing, energy and resources, and medical, etc.) (2.70%). In addition, cash and cash equivalents were US$25.49 million, representing 3.56% of the Fund’s total assets as of 31 December 2022. TOTAL ASSETS DISTRIBUTION Financial Services Investment 63.47% Other Ventures 2.70% Cash 3.56% Others 0.01% Information Technology Investment 22.76% Culture, Media and Consumption Investment 7.50% Financial Services Investment 65.82% Other Ventures 1.63% Cash 3.60% Others 1.35% Information Technology Investment 22.87% Culture, Media and Consumption Investment 4.73% As of 31 December 2022 As of 31 December 2021