13.02.2014 - China’s sovereign wealth fund to work closer with domestic firms
Ding Xuedong, Chairman of China Investment Corp, said the sovereign wealth fund hopes to co-operate more with Chinese firms with their overseas investment plans, according to a statement. Ding said CIC’s assets totalled $650 billion at the end of 2013. and that CIC encourages domestic firms to take large or controlling shareholder roles while the fund acts as an investor. CIC targetting investments in agriculture, high-tech, infrastructure and the real estate sectors...............................................Full Article: Source
Print