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Sovereign Wealth Funds Briefing - Categorized | Financials, Performance

China Sovereign Fund up 11 pct in 2009

Posted on 09 June 2010

From Reuters: China’s sovereign wealth fund gained 11 percent last year, but this year will be challenging, given the volatility in global markets, the fund’s chief risk officer said on Tuesday.
Last year’s gains for the fund, excluding its domestic arm, exceeded 17 percent, making 2009 “a good year for us,” said Jesse Wang, China Investment Corp (CIC)’s executive vice president, who was speaking at an Asian banking conference hosted by the San Francisco Federal Reserve Bank………………………………………..Full Article: Source

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