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Sovereign Wealth Funds Briefing - Categorized | Fund Management/Administration, Market

CIC said to consider China Asset to manage overseas holdings

Posted on 19 August 2010

Lou JiweiFrom Bloomberg: China’s $300 billion sovereign wealth fund may pick China Asset Management Co., the country’s largest fund manager, to oversee part of its international investments, said a person with direct knowledge of the matter.
China Investment Corp., which is responsible for managing part of the nation’s foreign-exchange reserves, would invest through China Asset’s Hong Kong unit, the person said, requesting anonymity as no announcement has been made……………………………………….Full Article: Source


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