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  • China's global ambitions

    China wealth fund gets $30 bln injection

    Mon, 03/05/2012 - 02:45 EDT - France24.com - Business
    • RDF10

    China's $410-billion sovereign wealth fund received a $30 billion injection from the government last year, boosting its investment war chest for European assets, state media said Monday.China Investment Corporation (CIC) was set up in 2007 to invest some of the country's world-beating foreign exchange reserves overseas.The fund received the additional capital from the State Administration of Foreign Exchange (SAFE) late last year, the China Daily quoted the fund's deputy general manager, Wang Jianxi, as saying.

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