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Sovereign Wealth Funds Briefing - Categorized | Financials, Reserve Currencies

Capital for CIC in the pipeline

Posted on 07 March 2011

From Chinadaily.com.cn: The Chinese government will inject more capital into China Investment Corp (CIC), the country’s $300 billion sovereign wealth fund, to ease pressures resulting from the nation’s high foreign exchange reserves, said Wang Jianxi, executive vice-president and chief risk officer of CIC.
Wang said the capital injection plan has been approved by the central government, but the central bank and the Ministry of Finance have yet to reach a consensus on how the plan will be carried out……………………………………….Full Article: Source


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