28.09.2012 - China’s sovereign wealth fund space set for shake up
China’s sovereign wealth funds are due to undergo a host of changes, as they continue to strengthen their offshore presence. Against growing headwinds, China Investment Corp, the National Council for Social Security Fund and the State Administration of Foreign Exchange have each managed to maintain positive growth of their domestic assets since 2009, and all three have cemented positions among the top fifteen SWFs globally in terms of assets. While the three major funds have undergone rapid development in recent years, diversifying their onshore allocations and expanding their presence and investment spread internationally, Shanghai-based Z-Ben Advisors says in its China Sovereign Wealth Funds Report 2012, that a slew of more fundamental changes are on the horizon...............................................Full Article: Source
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