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Sovereign Wealth Funds Briefing - Categorized | Asset Allocation, Fund Management/Administration

Asia will assist Australia by buying debt

Posted on 10 October 2008

From Theaustralian.news.com.au: Bob Charles, an expert on Asia’s multi-trillion-dollar savings, and managing director of Watson Wyatt Asia Pacific, said Asian countries would be involved in other ways, such as buying the debt papers issued by governments in developed countries.

He said Asian entities such as the China Investment Corporation, China’s sovereign wealth fund, and Government of Investment Corporation (GIC) and Temasek, both from Singapore, have bought into the various Wall Street firms and global banks….. Full Article: Source


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