Prudential taps Asia sovereign funds over AIA deal

2010-03-01T22:15:40Z

<div><p>British insurer Prudential is tapping sovereign wealth funds in China and Singapore to help finance its 35.5 billion dollar buyout of US insurance giant AIG's Asian arm, a report said Tuesday.</p><p>The Financial Times quoted unidentified sources as saying that Prudential and its advisers were in talks ...

Chinese are selling Treasuries – So what are they buying?

2010-02-22T19:15:11Z

<div id="subtitle">Really only two decent alternatives to sink that amount of money</div><div><p>In the monthly U.S. Treasury report this week, it was announced that China had sold $34.2 billion of Treasuries in December (or allowed short-term ones to run off), making Japan once again the largest ...

Thanks, China! They're now actively buying US equities, in addition to treasuries

2010-02-22T10:26:31Z

China Investment Corporation,&nbsp;investing&nbsp;on behalf of the People's Republic of China, disclosed in an SEC filing that they're buying up shares of US companies and index funds...

China's CIC gives breakdown of U.S. equity stakes

2010-02-22T10:37:48Z

<div><p>BEIJING (Reuters) - China Investment Corp &lt;CIC.UL&gt;, the country's $300 billion sovereign wealth fund, has made its biggest U.S. equity bets in natural resources and financial stocks.&a...

China sovereign fund to get fresh cash injection

2010-02-23T13:13:59Z

<div><p>China's sovereign wealth fund is expected to get a new capital injection of up to 200 billion dollars from the government in the coming months, a report said Monday.</p><p>The cash infusion for China Investment Corp (CIC) from the country's massive foreign exchange reserves would be similar to the 200 bil...

State investors warn against financial protectionism

2010-02-24T05:27:25Z

<div><p>Protectionist barriers aimed at capital-rich sovereign wealth funds (SWFs) could backfire on the fragile global economy, top executives of major state investment firms warned here Saturday.</p><p>SWFs have the capital needed by affected economies to recover from the global crisis but governments may come under domestic pressure to impose protectionist measures, they said.</p><p>China's sovereign wealth fund has said it will invest 500 million dollars in SouthGobi Energy Resources, a unit of Canada's Ivanhoe Mines with coal operations in Mongolia

Canada: China's personal shopping mall

2010-02-24T18:06:43Z

<div id="subtitle">Now studying smaller mining and commodities projects</div><div><p>In 2007, Aluminum Corp. of China Ltd. (NYSE: ACH, Stock Forum) – better known as Chinalco – snapped up Peru Copper Corp. </p><p>A year later, Central Huijin Investment Ltd, an arm of China's sovereign wealth fund, pledged to buy further shares in the nation's three largest listed banks after a new purchase round, the lenders said Monday.</p><p>The news comes after Huijin bought more shares in the China's 200-billion-dollar sovereign wealth fund said Wednesday it had acquired part of a Kazakh oil and gas producer for nearly one billion dollars, marking its latest investment in natural resources.</p><p>China Investment Corp (CIC) has boug...

CIC to invest $1 billion in Oaktree: report

2010-02-25T02:32:29Z

<div><p>NEW YORK (Reuters) - China Investment Corp, the $200 billion sovereign wealth fund, has agreed to invest about $1 billion in Los Angeles-based Oaktree Capital Managemen...

China sovereign fund boosts resource interests

2010-02-25T03:24:03Z

<div><p>China's 200-billion-dollar sovereign wealth fund is pouring money into resources firms to quench the Asian giant's thirst for raw materials and diversify its investments, analysts said Thursday.</p><p>In the past three months alone, China Inves...

China to invest $850 million in commodities firm

2010-02-25T04:18:19Z

<div><p>China Investment Corp (CIC), the country's 200-billion-dollar sovereign wealth fund, said on Tuesday it had agreed to take a significant stake in Hong Kong-based commodities firm Noble Group.</p><p>The investment in Noble -- which has...

China sovereign fund's commodities firm cash plan

2010-02-25T04:25:55Z

<div><p>China Investment Corp (CIC), the country's 200-billion-dollar sovereign wealth fund, said Tuesday that it had agreed to take a significant stake in Hong Kong-based commodities firm Noble Group.</p><p>The investment in Noble -- which h...

AES shares rise on report of China interest

2010-02-25T07:42:21Z

<div id="subtitle">AES shares briefly rise to 1-year high on report Chinese investment arm weighs buying stake</div><div><p>Shares of AES Corp. briefly rose to a 52-week high on Monday on a published report that China's investment arm is interested in buying a stake in the U.S. uti...

China's CIC wealth fund muscles up as markets recover

2010-02-25T14:29:49Z

<div><p>BEIJING (Reuters) - China Investment Corp is investing as much overseas each month this year as it did in all of 2008, Lou Jiwei, the chairman of the $298 billion sovereign wealth fund, said on Saturday.</p&...

China comes to Canary Wharf company's rescue

2010-02-25T14:30:59Z

<div><p>China?s state sovereign wealth fund has bailed out the heavily indebted majority owner of London's Canary Wharf, according to the real estate development's owner.</p><p>The Financial Times newspaper rep...

China sovereign fund may eye Hollywood: report

2010-02-25T19:29:32Z

<div><p>China's 200-billion-dollar sovereign wealth fund may start investing in overseas media including Hollywood production houses, a report said Monday, citing sources close to the fund.</p><p>The China Investment Corporation's plan could give China sovereign wealth fund says it lost 2.1 percent on its global portfolio in 2008</div><div><p>China's sovereign wealth fund said Friday it lost 2.1 percent last year on its global portfolio and defended its performance as being better than other such funds amid worldwide financial turmoil.</p><p>The China's 200-billion-dollar sovereign wealth fund has bought 1.1 percent of prominent British alcoholic drinks maker Diageo in a move to diversify its investments, the Financial Times said Tuesday.</p><p>The...

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