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Sovereign Wealth Funds Briefing - Categorized | Asset Allocation, People, Trends

CIC chief hopes to cut treasury purchases

Posted on 15 January 2013

China’s sovereign wealth fund hopes to reduce its reliance on purchases of U.S. Treasurys and boost investments in other assets as the U.S. economic recovery makes U.S. government debt less attractive, the Shanghai Securities News reported Tuesday, citing the fund’s head.
The report cited China Investment Corp. Chairman Lou Jiwei as telling a conference in Hong Kong that the fund would like to add more stocks to its portfolio. He didn’t provide a definite time frame for any investment shift, merely saying that over the long run the attractiveness of U.S. debt would diminish………………………………………..Full Article: Source


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