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Sovereign Wealth Funds Briefing - Categorized | Reserve Currencies

China`s central bank buys stake in UK`s Prudential

Posted on 23 August 2008

From Telegraph.co.uk: China’s central bank [the People’s Bank of China (PBOC)] has acquired a secret [1 percent] stake in Prudential, Britain’s second-­largest insurer, as part of Beijing’s increasingly active plans to deploy its vast pool of foreign currency reserves in overseas markets, The Sunday Telegraph has learned… Full article: Source


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