A sovereign wealth fund allows national economies to diversify and it provides extra income in times of need. However, it can also be used in other ways that fall outside the scope of the typical plan. For example, China’s SWF is China Investment Corp (CIC). CIC is expecting to help boost China’s markets as the…
China to merge three major asset managers into China Investment Corp -Xinhua streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.
China to Merge Three Bad-Debt Managers Into Sovereign Wealth Fund CIC: Xinhua bloomberg.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bloomberg.com Daily Mail and Mail on Sunday newspapers.