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Sovereign Wealth Funds Briefing - Categorized | Compliance/Regulation/Legal, Investment

China sovereign fund seeks easing of Australia investment rules

Posted on 08 April 2013

An executive from China Investment Corp., the nation’s $482 billion sovereign wealth fund, told Australian Prime Minister Julia Gillard that he hopes her government will reduce restrictions on foreign investment.
Jin Liqun, head of the fund’s supervisory board, said in an interview after a group of Chinese and Australian executives met with Australian officials that he had also raised the issue of investment limits in past discussions. The restrictions affect CIC’s investments and fund flows into Australia, Jin said yesterday in the southern Chinese province of Hainan, where he’s attending the Boao Forum for Asia………………………………………..Full Article: Source


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