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Sovereign Wealth Funds Briefing - Categorized | Asset Allocation, Financials, Investment, Market

Italian officials hold talks asking CIC to buy bonds

Posted on 13 September 2011

Italy’s Finance Ministry has held talks with China’s sovereign-wealth fund and other Chinese officials in a bid to persuade Beijing to buy large amounts of Italian bonds, a person familiar with the matter said, as Rome searches for ways to meet its financing needs and pull the peninsula out of the euro-zone debt crisis.
Finance Minister Giulio Tremonti met with a delegation of Chinese officials last week—including Lou Jiwei, chairman of the China Investment Corp sovereign fund, or CIC—to discuss possible bond purchases by the fund, the person said……………………………………….Full Article: Source


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