Sovereign Wealth Funds

China sovereign wealth fund may cut US debt holdings

CIC President Lou Jiwei speaks at the Asian Financial Forum. Photo: Reuters

China’s sovereign wealth fund, which has more than US$480 billion in assets, could cut holdings of US Treasury Bonds as they are becoming a less attractive investment.

Tuesday, 15 January, 2013, 5:38pm

US easing a worry but gold profits help, CIC chief says

Gao Xiqing

America's indebtedness and repeated monetary easing is a matter of grave concern but gold offers a glimmer of hope in these times, according to China Investment Corp (CIC) president Gao Xiqing.

29 Nov 2012 - 3:46am

China Investment Corp buys into Heathrow Airport parent FGP Topco

CIC posted a 4.3 per cent loss on overseas investments last year.

China's sovereign wealth fund bought 10 per cent of London's Heathrow Airport from investors, including Spanish builder Ferrovial, as the fund seeks to boost investment return amid a global economic slowdown.

2 Nov 2012 - 5:30am

Qatar fund buys into Citic Capital

A unit of Qatar's sovereign wealth fund has bought a 22 per cent stake in Citic Capital Holdings, linking one of the Middle East's most powerful investors with one of China's top investment funds.

23 Aug 2012 - 2:13am

China defends forex strategy

China, the No 1 holder of US debts, has defended its overseas investments, with the country's foreign exchange regulator claiming it made money from its outbound assets every year over the past eight years.

1 May 2012 - 12:00am

EU trade chief hails Wen pledge of more help

The European Union's trade chief has welcomed Beijing's decision to take a greater role in resolving the euro-zone debt crisis, saying it 'will make a difference'.

17 Feb 2012 - 12:00am

Chinese sovereign fund buys 8.68pc stake in UK utility Thames Water

China's sovereign wealth fund has bought a minority stake in Britain's largest water and sewerage firm, a deal that reflected China's rising interest in Europe's utility assets.

21 Jan 2012 - 12:00am

Index back over 18,000 on Huijin buying spree

The Hang Seng Index rallied above the 18,000-point level yesterday after a state-owned investment company bought shares in the mainland's four biggest banks.

The blue-chip index rose for the fourth day, closing 2.43 per cent higher at 18,141.59 points. It has recovered 1,891.32 points or 11.63 per cent since last Tuesday.

12 Oct 2011 - 12:00am

Wealth fund arm may be restructured

Beijing is mulling whether to spin off the domestic arm of the nation's sovereign wealth fund and inject an additional US$100 billion of capital into a new entity that focuses on overseas investments.

2 Sep 2011 - 12:00am

Calls to hasten yuan convertibility

There are increasing calls for Beijing to accelerate the yuan's convertibility under the capital account, which could hasten its transformation into a world currency.

25 May 2011 - 12:00am

Noble Group and Korean fund link up

Noble Group plans to seek joint investment opportunities with South Korea's sovereign wealth fund after the Korea Investment Corporation (KIC) took a stake in the Hong Kong-headquartered, Singapore-listed commodities group.

3 May 2011 - 12:00am

CCB answers call for closer Taiwan ties

China Construction Bank (CCB) is heeding the call from Beijing for companies to extend the olive branch to Taiwan, with plans by the lender to establish operations on the island.

'We are very keen on the idea of opening up business in Taiwan and it is in the interests of both us and our clients,' said chairman Guo Shuqing at a briefing yesterday.

25 Jun 2010 - 12:00am

Beijing reaffirms its commitment to US treasuries

Beijing yesterday renewed its commitment to US treasuries, while downplaying gold as a major asset class for its US$2.4 trillion in reserves.

The US bond market is important to China because it is the world's largest and China has big reserves, Dr Yi Gang, head of the State Administration of Foreign Exchange, said.

10 Mar 2010 - 12:00am

Corrections & clarifications

The report 'New warehouses in demand as shipping volumes recover', published on P2 on December 16, should have said Kris Inglis is a director of Goodman Asia's developments and planning division.

China Investment Corp, the mainland's sovereign wealth fund, has an 18 per cent stake in Goodman Group.

23 Dec 2009 - 12:00am

G2 is a powerful but insufficient solution

Some Chinese see United States Treasury Secretary Timothy Geithner as a repentant debtor humbly visiting his bank manager; influential Americans see the visit as the start of a beautiful friendship, perhaps even a tipping point in global finance - the overture to the establishment of a Group of Two economic giants that will make a better job directing the global economy than the current G7 o

3 Jun 2009 - 12:00am