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Sovereign Wealth Funds Briefing - Categorized | Asset Allocation, Investment

China shouldn’t add to US treasury holdings: CIC exec

Posted on 18 November 2010

From Businessspectator.com.au: China cannot avoid buying assets priced in US dollars but should not increase its holdings of US treasuries, the Hong Kong chairman of China’s sovereign wealth fund said in remarks published on Thursday.
Lawrence Lau, a former Stanford University professor who was recently appointed to run China Investment Corp’s first Hong Kong office, said that since Hong Kong, Japan and South Korea all had sizable holdings of US treasuries, the repercussions of a large sell-off would be inconceivable……………………………………….Full Article: Source


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