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All items tagged Chinese Investment CorporationGlobal Must Read ArticlesDecember 4, 2008 | China: "Western Institutions Cannot Be Trusted"China Investment Corporation, a fund that manages foreign exchange reserves for China, says it does not dare invest in western financial institutions. ++ When “government policies change every week, how can you expect that to make me confident?,” said Lou Jiwei, head of the fund. ++ US officials are trying to convince China not to let its currency, the renminbi, devalue, as this would give China ... MoreJune 6, 2008 | Chinese SWF Promises TransparencyEuropeans and the United States fear that CIC - owned by the Chinese government -, turns into a political tool enabling investment decisions to be based on political motives. ++ The head of the Chinese sovereign wealth fund says they are trying to reach international transparency standards. ++ Mr. Gao also said OECD countries were continually urging China to invest abroad but then grew suspicious ... More |
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