06.08.2010 - How China's state investment fund works |
From Guardian: The China Investment Corporation (CIC), tipped as a backer for the Liverpool FC buyout, has more than $330bn to splash out and an open mind on how to spend it. The China Investment Corporation (CIC) is a sovereign wealth fund set up three years ago by the communist government to get better returns from its huge foreign exchange reserves..............................................Full Article: Source |