08.06.2012 - China's wealth fund CIC 'scales back exposure to Europe'
China's sovereign wealth fund, China Investment Corporation (CIC), has cut its European stock and bond investments on fears of a eurozone break-up. CIC chairman Lou Jiwei said: "There is a risk that the eurozone may fall apart, and that risk is rising." Lou also scotched speculation that the state-owned CIC might buy eurobonds if and when they are launched...............................................Full Article: Source
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