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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Chinese interested in the Kremlin’s new sovereign fund

Posted on 25 May 2011

As it tries to convince Western investors to invest to modernise its economy, Russia has also drawn China’s attention. The China Investment Corp (CIC) is in fact eyeing investment opportunities in the Russian Federation.
Russia “has big development potential given its vast market and rich resources,” said Lou Jiwei, head of China’s US$ 300 billion sovereign wealth fund. “CIC is willing to invest in Russia,” he said……………………………………….Full Article: Source


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