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Sovereign Wealth Funds Briefing - Categorized | Fund Management/Administration, Investment, Market

Chinese SWFs may wave investment plans

Posted on 16 October 2008

From Businessspectator.com.au: China’s sovereign wealth managers may be wavering on their investment plans, including some private projects, with at least two private Chinese enterprises shelving their investment plans in Australia start-up iron ore mining ventures in the last fortnight.

Wang Qishan, the vice-premier who is co-ordinating China’s response to the financial crisis has told China Investment Corporation (CIC) not to invest in Wall Street financial institutions until the fund has employed people who can decipher their complex financial accounts…. Full Article: Source


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