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Sovereign Wealth Funds Briefing - Categorized | Compliance/Regulation/Legal, Investment

Chinese deals test Australia’s rules

Posted on 19 February 2009

From FT: The head of China Investment Corp, the country’s $200bn sovereign wealth fund, flew to Australia to meet its federal treasurer shortly before Rio Tinto announced plans for a $19.5bn cash injection from Chinalco, the state-owned metals group.

Lou Jiwei, CIC chairman, also held talks with Colin Barnett, premier of the resource-rich state of Western Australia, and with Fortescue Metals, Australia’s third-largest iron ore producer. …. Full Article: Source


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