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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

China wealth fund may raise Russia investment

Posted on 30 April 2012

Lou JiweiChina Investment Corp. is willing to increase its investment in Russia, and the China-Russia Investment Fund will start operation in the second quarter with an initial capital of $1 billion, the state-run Xinhua News Agency reported Sunday, citing the head of the country’s sovereign wealth fund.
“CIC’s investment in Russia is less than that in Europe and the U.S., and we are willing to increase our investment in Russia,” China Investment Corp. Chairman Lou Jiwei was quoted as saying………………………………………..Full Article: Source


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