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China mulling new CIC capital injection

Posted on 10 March 2010

From Todayonline.com: China is considering whether to inject more capital into China Investment Corp (CIC), the country’s US$300 billion ($420 billion) sovereign wealth fund, the chief foreign-exchange regulator Yi Gang acknowledged yesterday for the first time.

“We are still studying future investment in CIC and no decision has been made yet,” said Mr Yi, the head of the State Administration of Foreign Exchange (Safe), on the sidelines of the annual meeting of the National People’s Congress……………………………………….Full Article: Source


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