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Sovereign Wealth Funds Briefing - Categorized | Financials, Trends

CIC plays down concerns over China credits

Posted on 23 April 2013

China’s banking system remains safe and sound despite growing concerns over shadow banking, according to a senior executive of China Investment Corporation (CIC), the country’s sovereign wealth fund that manages US$200 billion of its foreign exchange.
“As long as the economy sustains its healthy growth and macro policy remains consistent, we can solve some of these banking issues,” says Jin Liqun, chairman of the firm’s board of supervisors, in a Beijing forum organized by Pioneer Investments………………………………………..Full Article: Source


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