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Sovereign Wealth Funds Briefing - Categorized | Investment, Trends

China’s CIC wants to bid in Russia privatisations

Posted on 06 October 2010

From Reuters: China Investment Corp would like to bid for Russian state assets in a sale that is expected to raise $50 billion, as the fund shifts focus to emerging markets, a CIC vice president said on Tuesday.
“We would like to take part in privatisation,” Jesse Wang, executive vice president at the $300 billion sovereign wealth fund, said on a visit to Moscow……………………………………….Full Article: Source

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