Tue, Oct 21, 2014
A A A
Welcome sandeep.kottawar@wns.com
RSS

Sovereign Wealth Funds Briefing - Categorized | Compliance/Regulation/Legal, Fund Management/Administration, Trends

China mulls new regulator for state financial sector

Posted on 04 August 2011

Lou JiweiChina is considering a proposal to create a ministerial-level body -similar to China’s powerful State-owned Assets Supervision and Administration Commission (SASAC) - to manage its state-owned banks and non-bank financial enterprises. The front-runner to head the financial SASAC is Lou Jiwei, currently chairman of China Investment Corp, the country’s $300 billion sovereign wealth fund.
Central Huijin, the largest shareholder of the country’s state-controlled banks, may be hived off from China’s sovereign wealth fund, CIC, and report to the financial SASAC, the sources said. But CIC itself and China’s $130 billion pension fund are unlikely to come under the jurisdiction of the new ministry……………………………………….Full Article: Source


 Article link

This post was written by:

VRS - who has written 14989 posts on Opalesque Sovereign Wealth Funds Briefing.


Contact the author

Comments are closed.

banner
October 2014
M T W T F S S
« Sep    
 12345
6789101112
13141516171819
20212223242526
2728293031