31.03.2010 - CIC seeks extra $100bln forex reserve for investment
From Chinadaily.com.cn: China Investment Corp (CIC), the country's $300 billion sovereign wealth fund, hopes to get an additional $100 billion foreign exchange reserve from the Ministry of Finance for entrusted investment, a source said, the China Business News reported. Central Huijin, the domestic investment arm of the nation's sovereign wealth fund, also proposed issuing approximately 190 billion yuan ($27.83 billion) renminbi-denominated bonds for the capital injection into the Export-Import Bank of China and China Export & Credit Insurance Corp.....................................Full Article: Source
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