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Sovereign Wealth Funds Briefing - Categorized | Reserve Currencies

China: Putting foreign exchange reserves to better use

Posted on 01 August 2013

While an appreciating yuan may have taken the sting out of the Sino-U.S. currency quarrel, the issue has not quite gone away. Come autumn, when Chinese leaders meet over major reforms, we can expect the liberalization of exchange rates to accelerate.
The inception of China Investment Corp. (CIC) six years ago marked the birth of a true sovereign wealth fund for China. Though it is undoubtedly heading in the right direction, the CIC is hobbled by the terms of its inception……………………………………….Full Article: Source


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