CIC

CIC Set for up to $200bn in Fresh Funds

China Investment Corp., the official sovereign wealth fund, is going to receive between $100-200 billion in new funds from the government. From the Financial Times: CIC, which has already fully allocated the $110bn it had...

China’s CIC Gives Breakdown of U.S. Equity Stakes

As CDT posted earlier, a filing with the U.S. Securities and Exchange Commission from the China Investment Corp details $9.63 billion of equity holdings in U.S. listed companies and funds. Reuters reports on the numbers: Among...

China CIC to Manage More of its Funds in House

Reuters reports on the China Investment Corp, the $300 billion sovereign wealth fund: Lou Jiwei, the chairman of CIC, said the fund would steadily accelerate its overseas investments in 2010, the China Securities Journal...

Feeling Flush, China’s CIC Opens Wallet

The Wall Street Journal reports: China Investment Corp. Chairman Lou Jiwei, speaking on the sidelines of an economics conference in Beijing on Saturday, said investment in CIC’s global portfolio for “one month this...

China 2008: The Global Financial Crisis

This next article in the CDT series on important issues facing China in 2008 focuses on China’s role in the global financial crisis. To give a deeper understanding of China’s up-and-coming role on the world stage,...

“Be Nice to the Countries That Lend You Money”

James Fallows interviewed Gao Xiqing, president of the China Investment Corporation in the Atlantic Monthly: Americans know that China has financed much of their nation’s public and private debt. During the presidential...

China’s Wealth: Sovereign with Strings Attached

In light of the recent financial crisis, it remains largely ambiguous as to how a Western-originating credit crunch will impact Chinese financial health.  A convenient starting point, however, is in understanding how...

Why a China Deal Didn’t Work Out for Morgan Stanley

After days of speculation about a possible deal with China, Morgan Stanley decided today to sell a large stake to Japanese bank Mitsubishi UFJ Financial Group. The Wall Street Journal blog discusses why a deal with China...

China Buys Stake in BP; Investment Is `Welcomed’

From Bloomberg: China bought a stake in BP Plc, its second investment in a European oil company, as the nation seeks to secure resources and boost returns on the world’s largest foreign-exchange reserves. BP,...

In the Midst of Market Woes, China May Invest Even More

In China’s latest move to flex its financial muscle, The Wall Street Journal is reporting that China’s state-owned investment fund, China Investment Corp., may invest upwards of $4 billion in a new fund being started...

CIC Close to Fund Deal with JC Flowers

From Financial Times: China Investment Corporation , the Chinese sovereign wealth fund, is close to an agreement with JC Flowers, the US private equity group, to put about $4bn into a new fund to invest in ailing financial...

China Turns Risk Averse Even As Outflows Rise – Henny Sender

From The Financial Times: When Lou Jiwei, the head of the China Investment Corporation , appears on a panel at Davos next week, he will attract a flurry of interest from financiers. CIC is less than a year old, but the actions of this vast investment fund – and numerous others in China – are […]

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