| China Investment Corp, the government's $747bn (£493.2bn) sovereign wealth fund, is shifting its focus to US investments and broader global ambitions as it prepares to move its North American headquarters to New York from Toronto early next year, according to reports.
With its major Canadian investments in the red as energy and mining companies reel from tumbling oil and metal prices, CIC is looking to cut its exposure, and could move to New York as early as March 1, it is claimed. It came as China joined the European Bank for Reconstruction and Development, handing the world's second biggest economy investment routes into Europe, Africa and Middle East...............................................Full Article: Source
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