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Sovereign Wealth Funds Briefing - Categorized | Financials, Investment

CIC may obtain cash injection of US$50 bln this year

Posted on 29 June 2011

China Investment Corp, the country’s US$300-billion sovereign wealth fund, may obtain a cash injection of US$50 billion this year, since the Chinese government expects to diversify its foreign exchange reserves, sources reported, citing unnamed executives of CIC.
CIC has submitted an application to the State Council for the new round of capital injection which will be approved as soon as the fund completes a reshuffle of its investment department……………………………………….Full Article: Source


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