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Sovereign Wealth Funds Briefing - Categorized | Fund Profile/New Launches

Another CIC to be established in first half of 2010

Posted on 23 March 2010

From Globaltimes.cn: Another China Investment Corp., a national assets management company arranged by State-owned Assets Supervision and Administration Commission of the State Council (SASAC) is expected to be established in the first half of 2010, said Shao Ning, deputy director of SASAC on March 21.

The second version of sovereign wealth fund will have an operational budget of state assets this year as its registered capital totaling 44 billion yuan ($6.45 billion)………………………………Full Article: Source


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