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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

CIC to step up pace of investment

Posted on 23 October 2009

From Chinadaily.com.cn: China Investment Corporation (CIC), the nation’s $200-billion sovereign wealth fund, will speed up the pace of investment across a broad range of sectors to capitalize on the long-term investment value created by the global financial crisis, the People’s Daily reported yesterday, citing CIC Chairman Lou Jiwei.

CIC invested just $4.8 billion outside China last year as it kept its powder dry during the global financial crisis, when asset prices tumbled…………………….Full Article: Source


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