| China’s sovereign-wealth fund China Investment Corp. (CIC) is preparing to separate its overseas business operations to expand into a newly established international investment subsidiary. A source close to CIC told Caixin that restructuring is aimed at clarifying CIC’s investment activities in overseas and domestic markets.
According to the adjustment plan, a new, wholly separate entity — CIC International — will take over all of CIC’s overseas investments, while CIC’s current subsidiary Central Huijin will concentrate on domestic investment projects. ..............................................Full Article: Source
|