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Sovereign Wealth Funds Briefing - Categorized | Fund Management/Administration, Fund Profile/New Launches, Market

Cooler winds blow from Beijing

Posted on 16 October 2008

From SMH: China’s sovereign wealth managers are getting cold feet and some private Chinese companies are pulling out of Australian start-up mining projects, raising more doubts about whether Chinese investors can insulate Australia from the global financial crisis.

The Chinese Government controls more than $US2 trillion ($2.8 trillion) in foreign exchange reserves, including $US100 billion added in the September quarter thanks to consecutive record-breaking trade surpluses….. Full Article: Source


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