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Sovereign Wealth Funds Briefing - Categorized | Financials, Market

New capital for CIC to acquire European assets

Posted on 05 March 2012

China Investment Corp, the nation’s sovereign wealth fund, has received an injection of $30 billion from the government that will help it buy assets in debt-stricken Europe, Wang Jianxi, deputy general manager and chief risk officer of CIC, told China Daily.
Late last year, “the company received a new round of funding of $30 billion from the State Administration of Foreign Exchange”, as earlier funding had essentially been fully invested, said Wang, who is also a member of the Chinese People’s Political Consultative Conference National Committee……………………………………….Full Article: Source


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