Sovereign Wealth Fund | South China Morning Post
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  • Feb 2, 2015
  • Updated: 7:10am

Sovereign Wealth Fund

New CIC sovereign fund boss faces greater challenges

Beijing has selected Ding Xuedong to lead CIC. Photo: Reuters

The new boss of China Investment Corp, the mainland's US$480 billion sovereign wealth fund whose chairmanship had been vacant for about five months, faces two immediate challenges - making more money from the fund's overseas investments and finding additional capital.

Wednesday, 3 July, 2013, 7:53am

Power struggle in Beijing leaves CIC leaderless

Huang Qifan, Chongqing Mayor

The chairman's office at China Investment Corp (CIC) has been empty for about three months since former chairman Lou Jiwei , who helped establish CIC in 2007, was promoted to become finance minister as part of the Communist Party's once-a-decade leadership transition earlier this year.

27 May 2013 - 6:32am 2 comments

CIC bullish on gold in face of price slump

Jin Liqun says gold will rebound.

A senior official at China Investment Corp says the US$500 billion sovereign wealth fund has exposure to gold, although "not on a big scale", and the fund is confident that gold prices will rise in the long run owing to limited global supply.

18 Apr 2013 - 5:52am

CIC president cautious but warming to US

Gao Xiqing, vice chairman, president and chief investment officer of China Investment Corp. Photo: Bloomberg

China's US$500 billion sovereign wealth fund is more optimistic about the United States economy than those of Europe and Japan, although it is generally cautious about the outlook for major economies.

7 Mar 2013 - 6:17am

Norwegian sovereign wealth fund to invest US$11bn in US real estate

Norwegian sovereign wealth fund to invest US$11bn in US real estate

Norway's US$660 billion sovereign wealth fund, the world's largest, plans to invest about US$11 billion as it enters the US real estate market.

5 Dec 2012 - 4:29am

Who said it?

Lou Jiwei

We would avoid investing in countries that do not welcome us. There are other places to invest

Lou Jiwei, chief executive of China's sovereign wealth fund, which is to focus more on Asia

 

If you moaned about it, you were told not to say those awful things about Jimmy

12 Nov 2012 - 3:30am

Temasek puts its faith in mainland banks

Singaporean sovereign wealth fund Temasek says the big mainland lenders should be able to weather recent rate liberalisation but warns that the banks, in which it is a key stakeholder, face a lower return on equity.

22 Jun 2012 - 12:00am

Exchange Fund faces downturn

The investment returns of the Exchange Fund in the second quarter will be hit hard by the euro-zone crisis and the Hong Kong Monetary Authority will accordingly adjust its portfolio to diversify risks, says authority chief executive Norman Chan Tak-lam.

22 May 2012 - 12:00am

Investments right up his street

Financial opportunities allow guardian of the Tracker Fund to thrive

30 Mar 2008 - 12:00am

Hey, big spender

It took Shen Guoting more than six years and the loss of his project manager to win a contract late last year to develop the world's second-largest untapped copper mine, in Afghanistan.

In France, a trading company from Qingdao last month bought a 500-year-old chateau and vineyard near Bordeaux, the first acquisition by a Chinese firm in the French wine industry.

12 Feb 2008 - 12:00am

Taiwan joins rush to establish Gulf fund

Taiwan is planning to set up a sovereign fund to invest in the Gulf region before it is too late.

The sovereign fund, which will combine government and private-sector money of about NT$2 billion (HK$479.4 million), initially would set sights on oil and other energy investments in Gulf countries, economic officials said yesterday.

28 Dec 2007 - 12:00am

HK fund buyers do it their way

The Hong Kong Investment Funds Association is happy with itself again. A recent survey has shown 7.8 per cent of the adult population investing in funds as opposed to only 3.2 per cent in 1997 and sales of investment funds have been way up so far this year.

9 Sep 2000 - 12:00am