After netting out its existing commitments, the CIC has not $200 billion but closer to $70 billion to play with. It is paying the PBoC $67 billion to take over Central Huijing’s bank shares and is making further investments of $40 billion in the sickly Agricultural Bank of China and $20 billion in the China …
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Guest blog (2)
The Chinese sovereign wealth fund (which, following convention I will call the CIC) is expected to be approved later this month or early October, before the October 15 meeting of the 17th National People’s Congress. Much of its expected structure, however, is known and it has already made one very big and visible investment, the …
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