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Sovereign Wealth Funds Briefing - Categorized | Investment, Market, Performance

CITIC Capital to expand abroad after CIC injection

Posted on 04 March 2010

From Reuters: CITIC Capital, the flagship investment arm of state-owned CITIC Group, will ramp up its foreign expansion plans after receiving a major investment from China’s sovereign fund, the firm’s CEO said.

“To us, CIC’s investment is like to add wings to a tiger,” Zhang Yicheng, chief executive of CITIC Capital, told Reuters on the sidelines of the opening of the Chinese People’s Political Consultative Conference (CPPCC) in Beijing…………………………………….Full Article: Source


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