Thu, Jul 24, 2014
A A A
Welcome sandeep.kottawar@wns.com
RSS

Sovereign Wealth Funds Briefing - Categorized | Investment

Azerbaijan’s sovereign wealth fund to invest up to $1.8bn in renminbi

Posted on 11 June 2014

Azerbaijan’s sovereign wealth fund plans to invest up to $1.8bn in renminbi this year, in what would be one of the largest investments in the Chinese currency to be made public – and a further indication of its rapid move towards reserve currency status.
Shahmar Movsumov, chief executive of the $37bn State Oil Fund of Azerbaijan (Sofaz), told the Financial Times that the fund was applying for permission from Chinese regulators to access renminbi assets and hoped to start investing in the currency by the end of the year………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 14450 posts on Opalesque Sovereign Wealth Funds Briefing.


Contact the author

Comments are closed.

July 2014
M T W T F S S
« Jun    
 123456
78910111213
14151617181920
21222324252627
28293031