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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

UK ‘welcomes’ Chinese capital

Posted on 06 November 2012

The British Ambassador to China told an audience in Beijing on Friday that his government continues to welcome investment from China.The comments came just 24 hours after it was revealed that China Investment Corporation, the sovereign wealth fund, had increased its investment in the infrastructure of the UK by spending 450 million pounds ($726 million) on a 10 percent stake in the company that owns London Heathrow Airport, the country’s largest airport.
It was the second major investment made by CIC this year in the UK infrastructure sector, after the manager of China’s $410 billion wealth fund took an 8.86 percent stake in Thames Water, the largest water and sewage company in the UK, in January - a deal considered by analysts at the time as the fund’s first major share purchase in the UK………………………………………..Full Article: Source


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