28.07.2011 - China hand seen behind vast buy-up of Japanese shares
Eiichi Sekine, chief representative of the Beijing office of the Nomura Institute of Capital Markets Research, also endorses the hypothesis. "[Omnibus] seems to be managing assets of China Investment Corp [CIC], among others," said Sekine referring to China's main sovereign wealth fund. CIC added $35.7 billion in new investment in 2010, and made a net profit of $51.5 billion, China Daily reported on July 27, citing the fund's annual report released this week. The fund ended the year with a net asset value of $374 billion..............................................Full Article: Source
Print