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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

China wealth fund: Investment must chase demand

Posted on 28 January 2013

Chinese companies should pursue broader opportunities in economies enjoying increasing consumer demand rather than concentrating on commodities and high technology, local media Monday cited the head of China’s sovereign wealth fund as saying.
Demand is increasing in Europe, Asia and Africa, and Chinese companies should “seize this opportunity” to expand overseas, the state-run China Securities Journal cited China Investment Corp. Chairman Lou Jiwei as saying at a forum over the weekend. Chinese companies should be allowed more freedom to invest overseas, as global economic adjustment after the financial crisis is creating opportunities, Mr. Lou said………………………………………..Full Article: Source


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