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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Putting the squeeze on Chinese investment

Posted on 10 December 2012

Australian politicians grappling with how to answer the Chinese foreign investment question were presented with an interesting case study over the weekend. The Canadian government approved the $C15.1 billion ($A14.6 billion) takeover bid by state-owned China National Offshore Oil Corp for Canadian oil and gas producer Nexen Inc, which marks China’s largest-ever foreign deal.
One keen observer of Chinese investment in Canada is Felix Chee, who heads the China Investment Corp’s Toronto office. He convinced the CIC that the massive sovereign wealth fund should open their first overseas branch in Canada, over Australia, the United States and Britain, and is a major player in determining the outlook of Chinese foreign investment in Canada………………………………………..Full Article: Source

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