| The presumed next leader of China’s sovereign wealth fund may look inward for growth. Although still not officially confirmed, it has been widely reported that Tu will take over as chairman of CIC. Most of the foreign press coverage has focused on CIC’s role in investing a major portion of China’s US$3.2 trillion in foreign exchange reserves overseas.
The US$482 billion fund has made many high profile investments, such as one in London’s Heathrow Airport last year........................................Full Article: Source
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