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Sovereign Wealth Funds Briefing - Categorized | Asset Allocation

China fund may cut US debt holdings

Posted on 16 January 2013

China’s sovereign wealth fund, which has more than 480 billion in assets, could cut holdings of US Treasury Bonds as they are becoming a less attractive investment, state media said Tuesday.
The Shanghai Securities News quoted Lou Jiwei, chairman of sovereign wealth fund manager China Investment Corp (CIC), as telling a conference in Hong Kong on Monday that the US economic recovery had made other investments appealing………………………………………..Full Article: Source


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