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Sovereign Wealth Funds Briefing - Categorized | Asset Allocation

CIC gives rare tally of overseas spending

Posted on 29 October 2009

From WSJ: As a rule, cash-rich China Investment Corp. keeps rather mum on its strategy and details about its overall asset allocation are hard to come by.

Therefore, China observers’ ears perked up as Lou Jiwei, chairman of the now $300 billion sovereign wealth fund, in an extensive speech at the Tsinghua Management Global Forum Wednesday said that CIC has allocated $110 billion for overseas investment and that half of it had been invested……………………….Full Article: Source

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