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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

China’s CIC held talks for Brazil, Mexico investments

Posted on 21 January 2010

From Bloomberg: China Investment Corp., the nation’s sovereign wealth fund, has had “early” talks for direct investments in Brazil and Mexico, Chairman Lou Jiwei said.

The sovereign wealth fund plans to increase direct investments this year and prioritizes such investments in developing markets, Lou said at a financial forum in Hong Kong today. CIC plans to be an “active, minority” shareholder in companies, instead of being involved in day-to-day operations, he said……………………………….Full Article: Source

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