| Beijing plans to restructure China Investment Corp (CIC), including spinning off the sovereign wealth fund's domestic investment arm, Central Huijin Investment Ltd, China Business News reported yesterday, without citing sources.
The proposal is said to have been submitted to China's State Council by a few central government departments, including the Finance Ministry. The government first plans to set up a new entity, CIC International, which will concentrate on the fund's overseas investments..............................................Full Article: Source
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