| Azerbaijan s state oil fund SOFAZ intends to invest in the Chinese market with the government debt securities, SOFAZ told Trend Agency on August 14. China as the second largest economy in the world remains an attractive market for the growing number of foreign investors. Prospects of the Chinese Yuan as an additional investment currency attract considerable interest of various categories of investors, including sovereign wealth funds.
SOFAZ has recently applied to the People s Bank of China to use broad investment opportunities in the Chinese market, SOFAZ said. The decision was made after careful evaluation of investments in the context of the overall investment portfolio. Currently the fund is at the stage of negotiation with the Chinese authorities on the approval of the quota. The outcomes of the negotiations will be released after the signing of agreements between Azerbaijan and China...............................................Full Article: Source |