By Reuters Staff
(Adds Goldman Sachs’ no comment)
BEIJING, March 4 (Reuters) - China’s $1 trillion sovereign wealth fund is scouting for long-term investment opportunities in the United States, an executive said, after a fund co-established with Goldman Sachs Group Inc raised $2.5 billion, half of the targeted amount.
The China-U.S. Industrial Cooperation Fund, launched in November 2017 on the sidelines of former U.S. President Donald Trump’s visit to Beijing, has completed two investments in the United States, China Investment Corp (CIC) Chief Strategy Officer Zhao Haiying told Reuters on Wednesday.
The fund was launched with the aim of reaping returns from helping the U.S. firms that it invests in to expand their market in China.
By Reuters Staff
3 Min Read
BEIJING (Reuters) - China’s $1 trillion sovereign wealth fund is scouting for long-term investment opportunities in the United States, an executive said, after a fund co-established with Goldman Sachs Group Inc raised $2.5 billion, half of the targeted amount.
The China-U.S. Industrial Cooperation Fund, launched in November 2017 on the sidelines of former U.S. President Donald Trump’s visit to Beijing, has completed two investments in the United States, China Investment Corp (CIC) Chief Strategy Officer Zhao Haiying told Reuters on Wednesday.
The fund was launched with the aim of reaping returns from helping the U.S. firms that it invests in to expand their market in China.
Read more about China s CIC eyes U.S. investment after fund with Goldman raised $2.5 bn on Business Standard. The fund was launched with the aim of reaping returns from helping the U.S. firms that it invests in to expand their market in China
BEIJING: China's $1 trillion sovereign wealth fund is scouting for long-term investment opportunities in the United States, an executive said, after a fund co-established with Goldman Sachs Group Inc raised $2.5 billion, half of the targeted amount.
China s CIC eyes U S investment after fund with Goldman raised $2 5 billion reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.