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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Africa’s riding the red dragon

Posted on 07 June 2011

China’s state owned enterprises (SOE) and sovereign wealth funds (SWF) were armed with hundreds of billions of US dollars from the country’s foreign reserves and sent out to scour the globe for resources - they went on the hunt to fuel China’s exploding economy.
China wants to diversify out of the massive US dollar component of its Foreign Reserves so the SOE/SWFs have no problem dealing in straight cash and operating in what some might consider high risk areas. The Chinese also have a longer term horizon for their ultimate payoff because they are mostly after off-take supply agreements from early stage development projects………………………………………Full Article: Source


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