It does, but as far as I could notice, CG start after a while of playing.
Some CG show up automatically, but some CG showed up only when I clicked on the eye in the upper left. If you feel like a scene sounds like it has CG, try clicking the eye.
There's a bunch of amazing CGs in Lizards' questline if you want to see some. There other places, but I won't spoil. I don't remember any in the first stages of the game, though.