The sovereign wealth club acquired a new member with the official launch of the China Investment Corporation （CIC） on 29 September 2007. The arrival of CIC has further heated up debate regarding sovereign wealth fun...The sovereign wealth club acquired a new member with the official launch of the China Investment Corporation （CIC） on 29 September 2007. The arrival of CIC has further heated up debate regarding sovereign wealth funds （SWFs） and their potential implications for global financial markets. This is because, in carrying out its investments, CIC can tap into China＇s huge official foreign exchange reserves, which by April 2008 had surged to US$1.76tn. CIC＇s initial working capital of US$2OObn makes it the fifth largest SWFs in the world today. This article seeks to analyze CIC＇s investment strategies, as well as their potential economic and political implications for global as well as US financial markets.展开更多
Since retiring from the vice presidency of the China International Publishing Group two years ago,Huang Youyi,a member of the National Committee of the Chinese People’s Political Consultative Conference,China’s top ...Since retiring from the vice presidency of the China International Publishing Group two years ago,Huang Youyi,a member of the National Committee of the Chinese People’s Political Consultative Conference,China’s top political advisory body,has had more time to travel around the world and present China to the international community.展开更多
文摘The sovereign wealth club acquired a new member with the official launch of the China Investment Corporation （CIC） on 29 September 2007. The arrival of CIC has further heated up debate regarding sovereign wealth funds （SWFs） and their potential implications for global financial markets. This is because, in carrying out its investments, CIC can tap into China＇s huge official foreign exchange reserves, which by April 2008 had surged to US$1.76tn. CIC＇s initial working capital of US$2OObn makes it the fifth largest SWFs in the world today. This article seeks to analyze CIC＇s investment strategies, as well as their potential economic and political implications for global as well as US financial markets.
文摘Since retiring from the vice presidency of the China International Publishing Group two years ago,Huang Youyi,a member of the National Committee of the Chinese People’s Political Consultative Conference,China’s top political advisory body,has had more time to travel around the world and present China to the international community.
