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Sovereign Wealth Funds Briefing - Categorized | Market

China’s sovereign fund to set up Hong Kong branch

Posted on 09 November 2010

From MarketWatch: China’s sovereign wealth fund, China Investment Corp., plans to form a wholly owned unit in Hong Kong to further its overseas investments, according to a statement on the fund’s website dated Sunday.
The new unit will “utilize Hong Kong’s position as an international financial center … [to] expand CIC’s investment activities outside the mainland,” the statement said. CIC said it has appointed Lawrence Lau, previously a member of the fund’s international advisory council, as chairman of the new unit……………………………………….Full Article: Source


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