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Sovereign Wealth Funds Briefing - Categorized | Alternative Investments, Investment, Market

CIC seeks commodities, property as hedge, Lou says

Posted on 29 October 2009

From Bloomberg: China Investment Corp., the country’s sovereign wealth fund, said it has $110 billion for overseas investments and will focus on buying into commodities companies and property as a hedge against accelerating inflation.

“Now we are seeing expectations of medium and long-term inflation, and the value of major currencies may have to fall to a new equilibrium level,” Chairman Lou Jiwei told a forum in Beijing today, according to a transcript of his comments posted on financial portal hexun.com……………………….Full Article: Source

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