US$200 Billion Ready To Go Global

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Asia Times reports:

    “China Investment Corp (CIC), the country’s long-awaited gigantic state investment arm set up to make use of its huge and ever-growing foreign exchange reserve for overseas investment, was inaugurated over the weekend.

    The CIC, with a registered capital of US$200 billion, is a solely state-owned company, according to company sources. The state-owned Central Huijin Investment Corporation was merged into the new company as a wholly-owned subsidiary company”.

While CIC “will operate in a completely commercial way”, its operations in overseas markets are likley to receive much media and political attention.

For more details of the company’s structure follow the link below.

See news srource:

    China’s trillion-dollar kitty is ready
    Asia Times Online – Kowloon,Hong Kong
    BEIJING – China Investment Corp (CIC), the country’s long-awaited gigantic state investment arm set up to make use of its huge and ever-growing foreign …

One Response to “US$200 Billion Ready To Go Global”

  1. Archive » New Era for Going Global| China Business Blog Says:

    […] al, Research, Investment, Corporate News, Economy A recent post pointed to US$200 billion being invested abroad by the state investment fund, but there is plenty of other […]

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