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

CIC president: Won’t buy Europe bonds

Posted on 26 September 2011

Gao XiqingChina Investment Corp., the country’s sovereign wealth fund, has no intention of buying European bonds, Caixin media group reported Sunday, citing CIC President Gao Xiqing.
“Everyone has heard Premier [Wen Jiabao] say China is willing to support Europe, but as a company, CIC’s mission from the government is to maintain a certain profitability, so we cannot just go to Europe and save anybody, we have to protect ourselves,” the report quoted Gao as saying at an International Monetary Fund meeting in Washington, when asked if CIC would buy the common euro-zone bonds being discussed in the region……………………………………….Full Article: Source

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