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Sovereign Wealth Funds Briefing - Categorized | Investment, Market, Research

CIC’s bad use of backroom deals

Posted on 17 July 2009

From Nationalpost.com: China Investment Corporation’s (CIC) recent $1.5-billion investment in Canadian miner Teck Resources has not led to any backlash in China, but the public might be less happy if they read the fine print of the Teck announcement.

China’s sovereign wealth fund has signed a highly restrictive agreement which seems designed to ensure that it is seen as a harmless financial investor in resource-rich Canada……….Full Article: Source


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