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Sovereign Wealth Funds Briefing - Categorized | Investment

Norway eyes larger stake in Chinese stocks

Posted on 15 August 2013

The Government Pension Fund Global, one of the two sovereign wealth funds owned by the government of Norway, is reportedly preparing to allocate more capital toward stock markets on the Chinese mainland.
Yngve Slyngstad, chief executive officer of Norges Bank Investment Management (NBIM), the investment unit of Norway’s central bank which manages the fund on behalf of the country’s finance ministry, was cited as saying that he and his team are confident in China’s long-term growth prospects despite worsening perceptions of the country’s equity markets. Norway’s sovereign wealth fund is currently the largest in the world, with $760 billion in assets under management………………………………………..Full Article: Source


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