(EnergyAsia, November 24, Tuesday) — China Investment Corp (CIC) has set aside US$110 billion to invest abroad, focusing on commodity and property firms both as a hedge against impending inflation and as an outlet to dispose of the country’s large holding of foreign exchange reserves. The Chinese sovereign wealth fund’s chairman said he expects inflation…
CHINA: Sovereign wealth fund CIC to focus overseas investments on commodities
Posted on November 23, 2009 by EnergyAsia