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Sovereign Wealth Funds Briefing - Categorized | Market, People

CIC sets up HK unit, names HK cabinet member as head

Posted on 21 October 2010

From Dow Jones: China’s sovereign-wealth fund said Wednesday it set up a unit in Hong Kong and has named Lawrence Lau, a member of the city’s Executive Council, as its chairman. Lau, a prominent Hong Kong economist who was the former vice-chancellor of the Chinese University of Hong Kong, earlier notified the council’s secretariat about his appointment at CIC International (Hong Kong) Co. in a declaration of interests filing.
CIC International is a wholly owned Hong Kong unit of Beijing-based China Investment Corp., which manages US$300 billion in capital drawn from China’s foreign-exchange reserves……………………………………….Full Article: Source

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