29.12.2009 - China SAFE says ex-Pimco hire doesn't mean strategy change
From Imarketnews.com: China Investment Corporation, a new-$300 billion sovereign wealth fund established in 2007 with a view to challenging SAFE's dominance of foreign exchange reserve management, has recently applied to the State Council for another $200 billion in reserves to manage. The hiring of an investment manager from PIMCO doesn't indicate a change in strategy by China's State Administration of Foreign Exchange, an official with the reserve manager said Tuesday...........................................Full Article: Source
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