| From Chinastakes.com: China Investment Corporation, one of China's sovereign wealth funds (SWF), has spent the past year intensively expanding its overseas portfolio. Alas, its capital stash of US$200 billion is proving inadequate to quench its thirst for more overseas deployment of funds.
With the yuan expected to appreciate and with foreign exchange reserves ever increasing, China's two SWFs, CIC and Social Security Fund, are looking overseas to diversify China's reserve assets, at present concentrated in US dollars.....................................Full Article: Source
|