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Sovereign Wealth Funds Briefing - Categorized | Fund Management/Administration

The CIC and interest payments

Posted on 28 August 2008

From Chinastakes.com: August 29 is the second interest due date for the RMB 600 billion special national debt number 0701, and the total payment will be as high as RMB 12.9 billion. Around the first interest due date, the market worried the heavy interest would bring unbearable pressure to bear on China Investment Corporation (CIC), China’s sovereign wealth fund. It didn’t.

The interest on special national debt number 0701 is, in fact, not paid by CIC but by the Ministry of Finance, in return for which CIC pays a portion of its profits to the Ministry… Full article: Source


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