| Azerbaijan’s state oil fund SOFAZ will invest $500 million in yuan assets in 2015. Meanwhile, it will continue to pursue real estate across Asian markets to diversify its portfolio. “At the end of last year, we approved a quota to invest in the renminbi. We are completing all the necessary paperworks and this year will start investing the whole amount” of $500 million,” the fund’s Executive Director Shahmar Movsumov said in his recent interview, referring to the Chinese Yuan.
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...............................................Full Article: Source
|