| China's sovereign wealth fund China Investment Corp (CIC) is ready to work with the new Chinese-led Asian Infrastructure Investment Bank (AIIB) to invest in projects in the region, a senior official said on Friday.
With a focus on investing in the infrastructure and high-tech sectors this year, among others, Liu Fangyu, the head of the public relations and international cooperation department at CIC, said the fund was ready to support the AIIB where possible. The fund posted a 41 percent fall in its overseas investment returns in 2014 of 5.5 percent, due partly to falling commodity prices and foreign exchange losses incurred from a stronger U.S. dollar...............................................Full Article: Source
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