| 02.08.2011 - China drives up yen |
| China Investment Corp, a Chinese sovereign wealth fund, invested about just under two thirds of its total fund of $300 billion in Japan. The track record of one of its investment vehicles, the Australia-based OD05 Omnibus fund, shows that it keeps buying new shares without cashing in past stock investments. According to one estimate, the fund had an unrealized profit worth 175.8 billion yen by the end of February 2011. .............................................Full Article: Source |