| 14.12.2011 - China may launch new US$300-bln forex investment arm |
| China, the largest holder of foreign exchanges in the world, is likely to set up a US$300 billion investment entity to manage its abundant foreign exchange reserves, said the sources familiar with the matter. The new investment institution will launch two overseas investment funds, of which one will focus on the U.S. market and the other on the European market. The new investment arm may be based in Shanghai, added the sources...............................................Full Article: Source |