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Sovereign Wealth Funds Briefing - Categorized | Financials, Fund Management/Administration, Reserve Currencies

China’s CIC works on funding mechanism

Posted on 07 March 2012

Wang JianxiBoosted by a one-time $30 billion capital injection, China Investment Corp. is working on a system through which the sovereign-wealth fund would get continued funding from the Chinese government and potentially play a bigger role in helping diversify the country’s vast foreign-exchange reserves.
“We very much hope for a clear [funding] mechanism just like what other, more mature, sovereign-wealth funds have,” said Wang Jianxi, CIC’s executive vice president, in an interview with The Wall Street Journal………………………………………..Full Article: Source


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