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Sovereign Wealth Funds Briefing - Categorized | Financials, Market

CIC sees low risk of sovereign crisis

Posted on 05 March 2010

From Businessspectator.com.au: China Investment Corp (CIC), the country’s $US300 billion sovereign wealth fund has played down the chances of the fiscal problems of some European countries turning into a full-fledged crisis.

“In my personal view, the fiscal deficit of these countries is a little bit too high, but the possibility that it could develop into a major risk or a crisis is very small,” Jesse Wang, CIC’s executive vice president and chief risk officer, told reporters……………………………………..Full Article: Source

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