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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

China sovereign wealth fund: Mining a target

Posted on 26 October 2009

From Mineweb.com: China’s sovereign wealth fund CIC has been speeding up its investment programme spending as much each month this year as in the whole of 2008 - and mining and energy are important targets.

China’s People’s Daily reports CIC chairman Lou Jiwei as saying that the fund was circumspect in its investment in 2008 as markets plunged investing only $4.8 billion outside China that year, but this year it has been investing around as much each month overseas as it did in the whole of 2008 with the main targets including mining, energy and real estate……………………Full Article: Source

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