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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

CIC eyes infrastructure investment in Europe, US

Posted on 09 April 2013

Eyeing returns in the long run, China’s sovereign wealth fund will focus more on infrastructure investment in Europe and the United States, the fund’s vice chairman and president said Monday.
The abundant financial firepower of the China Investment Corporation (CIC), which nears 500 billion US dollars, makes it more suited to infrastructure investment, which requires massive funds but offers slower yields, Gao Xiqing said during an interview with Xinhua on the sidelines of the ongoing Boao Forum for Asia Annual Conference 2013 held in south China’s Hainan Province………………………………………..Full Article: Source


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