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Sovereign Wealth Funds Briefing - Categorized | Market

It’s China’s world. (We just live in it)

Posted on 09 October 2009

From CNN: In September alone, China’s sovereign wealth fund, the China Investment Corp. (CIC), shelled out nearly $1 billion to buy an 11% stake in JSC KazMunaiGas Exploration Production, a Kazakhstan oil and gas company.
Just a week earlier CIC paid $850 million to acquire 14.9% of Noble Group, the Hong Kong commodity-trading powerhouse. Earlier this summer the China Development Bank lent Petrobras, the Brazilian national oil company, $10 billion to help fund exploration in deep waters off Brazil………………..Full Article: Source

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