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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

China’s CIC keen on investing in Canada’s resources sector

Posted on 19 October 2012

Chinese sovereign wealth fund China Investment Corp. is most keen on investing in Canada’s resources sector given the country’s rich mineral and petroleum resources, the official China Securities Journal reported Friday, citing an executive of the fund.
Felix Chee, the chief representative of CIC’s office in Toronto, told the newspaper that CIC was also interested in extraction-related infrastructure projects in the resources sector that could provide stable returns on investment. In 2009, CIC acquired a 17.2% stake in Canadian company Teck Resources Ltd. (TCK), which still provides good returns for the company now, the report said………………………………………..Full Article: Source


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