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Sovereign Wealth Funds Briefing - Categorized | Investment, Trends

China’s CIC state fund oversees a fortune

Posted on 10 January 2013

China is said to be planning to buy a stake in German car and truck maker Daimler. Managing the deal financially would be the China Investment Corporation (CIC). But who calls the shots there?
China own the world’s biggest currency reserves, with around three trillion euros ($3.9 trillion) at its disposal. It’s the prime task of the China Investment Corporation (CIC) to manage a significant part of those reserves and to invest them profitably. The CIC, which was founded in 2007, has capital of almost 400 billion euros, making it one of the world’s biggest investment companies………………………………………..Full Article: Source


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