China is ready to help resolve Europe’s debt crisis, its premier said on Tuesday, but he gave no details a day after the nation’s sovereign wealth fund ducked calls by German Chancellor Angela Merkel for it to buy euro government bonds.
On Monday, the head of China’s $410 billion sovereign wealth fund said Germany’s Merkel had asked it and other long-term investors to buy European government debt when she visited Beijing earlier this month, but such investments were “difficult” for long-term investors. Lou Jiwei, chairman of China Investment Corp, said any fresh injection of funds into Europe would be in industrial and other real assets, not government bonds………………………………………..Full Article: Source

The head of the $410bn (€309bn) China Investment Corporation (CIC) has identified the euro-zone debt crisis as an opportunity to acquire infrastructure assets – but said the sovereign wealth fund would not buy Italian or Spanish debt, despite urging from European leaders, without substantial reforms in those markets.
Lou Jiwei reportedly told the Chinese Economists 50 Forum, a think tank, that it would be more appropriate for a long-term investor such as CIC to plough capital into European infrastructure as part of an economic recovery than to acquire risky bonds………………………………………..Full Article: Source

Warehouse operator Global Logistic Properties Ltd, which owns properties in China and Japan, is looking for acquisitions after growth on the mainland drove an 11 percent rise in third quarter net profit.
GLP, about 50 percent-owned by the Government of Singapore Investment Corporation sovereign wealth fund, said it earned $91.2 million in net profit for the three months ended in December, compared with $82.1 million for the same period a year ago. GLP in December teamed up with Chinese sovereign wealth fund the China Investment Corp to buy 15 warehouses in Japan for $1.6 billion from LaSalle Investment Management………………………………………..Full Article: Source

Singapore sovereign wealth fund Temasek Holdings has led a US$30M investment round alongside SAP Ventures in Marin Software, a provider of online advertising management solutions.
Previous investors Benchmark Capital, Crosslink Capital and DAG Ventures also participated in this round. Marin, a San-Francisco-based company, currently serves clients in 160 countries with 25 currencies. Annualized online ad spend through Marin Software amounted to US$3.5B from 1,500 advertisers and agencies………………………………………..Full Article: Source

Aabar Investments PJSC, the Abu Dhabi sovereign wealth fund which announced last June that it was acquiring Abu Dhabi Commercial Bank PJSC’s (ADCB) 25% stake in RHB Capital Bhd, will not get a good price if the stake is sold at current market conditions.
Bank analysts said the timing of the stake sale, if it was true Aabar was seeking buyers for the stake, was unfortunate given the volatility of the markets………………………………………..Full Article: Source

Reuters is reporting that an Abu Dhabi sovereign wealth fund is exploring the sale of its $1.3 billon stake in Malaysian lender RHB Capital. This is close to a year after reports emerged that ADCB had hired Goldman Sachs to advise on the sale of its holding in Malaysian bank RHB Capital, with the stake then being valued at around $1.4 billion. In August of the same year word went round that Aabar Investments was going to write down to the tune of $1.9 billion its stake in RHB Capital.
Maybank and CIMB Group, which had been planning a full takeover of RHB, subsequently pulled out of the deal citing the high price………………………………………..Full Article: Source

Revival of Adelaide and sharing mining benefits among all South Australians have been flagged as Government priorities. At the formal opening of the new South Australian Parliament by Governor Kevin Scarce, he outlined Government plans for City of Adelaide legislation, as part of efforts to help revitalise the CBD precinct.
Legislation is planned for an Advanced Manufacturing Council to be set up and plans have been flagged for a bipartisan committee to look at establishment of a future fund to spread the benefits of mining royalties for an expected boom in the years ahead………………………………………..Full Article: Source

In January 2012 there was an increase in international reserves of the National Bank of Kazakhstan. Gross international reserves grew by 13.1% up to USD 33.2 billion, Chairman of the National Bank Grigory Marchenko told reporters on Tuesday.
The net international reserves increased by 15.2% and made USD 33.1 billion. Government’s external debt servicing and replenishment of the National Fund’s assets from the accounts of foreign exchange reserves were more than compensated for by currency supply to the accounts of the Government in the National Bank and growth of balances on correspondent accounts of banks in foreign currency………………………………………..Full Article: Source