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Sovereign Wealth Funds Briefing - Categorized | Fund Management/Administration, Investment

CIC investment focus to be ‘more flexible’ in 2010, Wang says

Posted on 05 March 2010

From Businessweek.com: China Investment Corp., the country’s $300 billion sovereign wealth fund, said its overseas investment strategy will be more flexible this year as global markets have yet to show a clear trend.

CIC’s cash holdings are “relatively low” after using most funds for investments abroad last year, Executive Vice President Jesse Wang said outside a meeting of Chinese People’s Political Consultative Conference in Beijing today……………………………………..Full Article: Source

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