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Sovereign Wealth Funds Briefing - Categorized | Market, Trends

China says hopes Spain measures help contain debt crisis

Posted on 11 June 2012

Zhu Guangyao Chinese vice finance minister Zhu Guangyao said that he hoped the weekend’s decision by euro zone finance ministers to lend Spain up to 100 billion euros ($125 billion) to shore up its teetering banks would help contain Europe’s debt crisis.
China’s $410 billion sovereign wealth fund, China Investment Corp, has cut its stock and bond investments in Europe as it sees rising risks of a euro zone breakup, the fund’s chairman told the Wall Street Journal last week………………………………………..Full Article: Source


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