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Sovereign Wealth Funds Briefing - Categorized | Market, People

HK chief of China’s SWF urges launch to fast-track city’s global goals

Posted on 14 October 2013

The creation of an international stock exchange in Shanghai’s free-trade zone would put the city on the fast track to becoming a global financial centre, the head of the Hong Kong unit of the mainland’s sovereign wealth fund said.
Lawrence Lau Juen-yee, the chairman of CIC International (Hong Kong), urged the securities regulator to launch the long-awaited board soon as a way to grant mainland capital direct access to shares of American corporate giants such as Microsoft and Boeing, describing it as an ideal method to utilise the country’s huge pool of funds………………………………………..Full Article: Source


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