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Sovereign Wealth Funds Briefing - Categorized | Investment, Trends

Chinese sovereign wealth fund CIC to raise overseas investment

Posted on 15 November 2016

Deputy general manager Qi Bin says it will be focusing on targets closely tied to Chinese economic development. China Investment Corporation (CIC), the sovereign wealth fund, is stepping up its overseas investment, focusing on targets closely tied to the country’s economic development.
Qi Bin, CIC’s deputy general manager, revealed the move, while speaking at the private equity firm Hony Capital’s annual general meeting in Shenzhen on Monday. “This will be the future trend for CIC. Any investment must be closely tied to Chinese industry and serve in its economic transition ,” he said…………………………………….Full Article: Source


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