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Sovereign Wealth Funds Briefing - Categorized | Compliance/Regulation/Legal, Investment, Reserve Currencies

CIC seeks extra $100bln forex reserve for investment

Posted on 31 March 2010

From Chinadaily.com.cn: China Investment Corp (CIC), the country’s $300 billion sovereign wealth fund, hopes to get an additional $100 billion foreign exchange reserve from the Ministry of Finance for entrusted investment, a source said, the China Business News reported.
Central Huijin, the domestic investment arm of the nation’s sovereign wealth fund, also proposed issuing approximately 190 billion yuan ($27.83 billion) renminbi-denominated bonds for the capital injection into the Export-Import Bank of China and China Export & Credit Insurance Corp……………………………….Full Article: Source


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