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Sovereign Wealth Funds Briefing - Categorized | Financials, Investment, Performance

China’s CIC says 2012 investment returns will be positive

Posted on 17 December 2012

China Investment Corp., which helps manage the world’s largest foreign-currency reserves, will make a profit on its overseas investments this year after a loss in 2011, according to Jesse Wang, executive vice president of the sovereign wealth fund.
Monetary easing in Western countries boosted capital markets and investment returns, Wang said yesterday at forum in Sanya, China. While CIC is investing in Europe, it would do so more proactively if heavily indebted countries and the European Union create a more investor-friendly environment, he said………………………………..Full Article: Source


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