男女羞羞视频在线观看,国产精品黄色免费,麻豆91在线视频,美女被羞羞免费软件下载,国产的一级片,亚洲熟色妇,天天操夜夜摸,一区二区三区在线电影

China Investment Corp gets injection of capital

Updated: 2012-02-14 09:23

(China Daily)

  Comments() Print Mail Large Medium  Small

BEIJING - China Investment Corp, the nation's sovereign wealth fund, has received a capital injection after it invested almost all of its cash in 2010, said Lou Jiwei, CIC chairman.

China Investment Corp gets injection of capital

 

In an interview at a Beijing forum on Monday, Lou declined to disclose the amount of the infusion. He said a Caixin Online report that said CIC received $50 billion was "inaccurate".

Almost all of the money in the fund was spent in 2010 as an improving world economy prompted a 10-percent gain in the MSCI World Index, which tracks more than 1,600 stocks, and CIC has been seeking capital from the government for a year.

The country's foreign-exchange reserves, managed by the central bank through the State Administration of Foreign Exchange, dropped for the first time in more than a decade in the fourth quarter.

China's reserves, the largest in the world, fell from $3.2 trillion on Sept 30 to $3.18 trillion on Dec 31 as foreign investment moderated, the trade surplus narrowed and Europe's debt troubles spurred sales of emerging-market assets in the quarter.

CIC received the new capital from the nation's central bank after the Chinese Lunar New Year holiday, which ended late last month, according to a Feb 10 Caixin report citing an unidentified source. The People's Bank of China will become a new shareholder in the fund, the report said.

According to Lou, European government bonds are not the best purchases for long-term investors such as CIC.

Instead, CIC will look to put money into infrastructure and real industrial projects, Lou added.

"For instance, the European bonds - like the government bonds of Italy and Spain - only central banks with certain responsibilities can invest, you know, for commercial investments, it's very difficult to make such investments for long-term investors like us," Lou said.

"Investment chances may lie in areas like infrastructure and industrial projects, and these projects can help economic recovery."

CIC recently bought a minority stake in the London water supplier Thames Water Utilities Ltd, an early sign that the attempts to drum up foreign investment in Britain's ailing economy may be paying dividends.

CIC was established in 2007 using $200 billion of capital from the Ministry of Finance, which borrowed reserves from the central bank through a bond sale. The fund posted an 11.7-percent return on its overseas investments in 2010, it said in its 2010 annual report.

Its cash and cash equivalents fell by 28 percentage points in 2010 to 4 percent of the fund's global portfolio, CIC said in its 2010 annual report.

Bloomberg News - Reuters

主站蜘蛛池模板: 云南省| 玉屏| 昌都县| 始兴县| 新源县| 奉贤区| 资溪县| 平陆县| 新化县| 萨嘎县| 磐石市| 湖北省| 大渡口区| 怀仁县| 星子县| 竹北市| 泗洪县| 安康市| 台前县| 通州市| 曲松县| 扬州市| 阜宁县| 旺苍县| 丽江市| 大安市| 鄂伦春自治旗| 武宁县| 驻马店市| 莲花县| 长垣县| 武威市| 班戈县| 高青县| 恭城| 石家庄市| 台山市| 普洱| 文山县| 盘锦市| 德阳市| 广河县| 普安县| 武安市| 涿鹿县| 宝应县| 商洛市| 常州市| 荔波县| 新乐市| 都江堰市| 华池县| 墨江| 洪泽县| 景洪市| 拉孜县| 左云县| 辽阳县| 杂多县| 巴彦淖尔市| 河曲县| 观塘区| 吕梁市| 靖远县| 吉林市| 牟定县| 剑阁县| 霍山县| 剑河县| 茌平县| 澄江县| 交口县| 陆川县| 石景山区| 儋州市| 青海省| 锦屏县| 三都| 申扎县| 博爱县| 忻州市| 新宾|