CIC to invest up to US$90b offshore

Investment

Wednesday, October 08, 2008 00:28:11

	CIC to invest up to US$90b offshore By STAFF EDITOR Published: May 06, 2008 03:19 PM China Investment Corporation (CIC), the country’s sovereign wealth fund, is likely to boost funds available for offshore investment to US$90 billion, a move experts interpret as a signal China is going to increase its “going out” efforts, the China Securities Journal reported. “Now is a good time to invest in developed economies as asset prices there are ... You are currently reading 63 words of 192 total words in this article. To continue reading this article, you must be a subscriber. Log in now. Buy this article now for $10 USD. Not a subscriber? Start your 7-day free trial now. bookmark \| digg \| Permalink \| Tell a Friend Tags for this article: credit , China Securities Journal , investment , morgan stanley , energy	More Articles in Investment > Today’s Daily Briefs E-Mail Sign up for a roundup of the day’s top stories, sent every day. RELATED ARTICLES > Manufacturing dominates Shanghai equity exchange deals China attracts $11b FDI in January US$2.45b deals inked at Xiamen fair China’s software sector ready for quick expansion Clean tech fund unveils Shanghai eco project 10% stake in investment firm up for grabs Morgan Stanley sets aside US$1b infrastructure fund

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