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Sovereign Wealth Funds Briefing - Categorized | Investment, Performance

China CIC has invested half of cash, returns “not bad”

Posted on 28 October 2009

From Reuters: China’s sovereign wealth fund has invested about half of its $110 billion in available funds, mainly in publicly traded assets, and has enjoyed “not bad” returns so far this year, its chief said on Wednesday.

Lou Jiwei, chairman of China Investment Corp (CIC), said CIC was seeking financial returns, not control over the companies in which it invested………………………Full Article: Source

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