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Sovereign Wealth Funds Briefing - Categorized | Market

China, Russia sign memorandum over launching of joint fund

Posted on 06 June 2012

China Investment Corporation (CIC), the country’s sovereign wealth fund, said Tuesday it had signed a memorandum with Russian Direct Investment Fund (RDIF) over the official launching and basic principles of the China-Russia Investment Fund.
The latest progress came after the CIC and RDIF signed a memorandum last year to create the joint fund in an effort to boost economic cooperation between the two countries………………………………………..Full Article: Source


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