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China’s CIC sees opportunities in natural resources

Posted on 04 March 2009

From Reuters: China Investment Corp sees investment opportunities in energy and commodities sectors as prices have fallen steeply, Jesse Wang, a senior official with the country’s $200 billion sovereign wealth fund, said on Wednesday.

Officials have said that CIC wants to diversify its portfolio in the natural resources sector after booking heavy losses on high-profile financial investments in private equity fund Blackstone and U.S. bank Morgan Stanley….. Full Article: Source


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