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Sovereign Wealth Funds Briefing - Categorized | Compliance/Regulation/Legal, Ethical/Green Investments

CIC to avoid defense, casino, and alcohol investments

Posted on 30 September 2010

From Assetinternational.com: The $300 billion sovereign wealth fund’s supervisory board Chairman Jin Liqun said that the CIC will not invest in areas with repuational risk — such as defense, casino and alcohol-related sectors — and sees more room to collaborate with global institutions.
“We will not do anything that has a reputational risk for us,” CIC supervisory board Chairman Jin Liqun said at an address at the Super Return Asia 2010 conference, according to the news agency. He added that China’s private equity industry is set for growth in the years ahead, buoyed by a strong legal system and exit opportunities through initial public offerings……………………………………….Full Article: Source

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