China rolls out one of the world’s largest sovereign funds

China rolls out one of the world’s largest sovereign funds
# 01 October 2007 16:01 (UTC +04:00)
China Investment, a $200 billion sovereign wealth fund, started operations Saturday as the government seeks to increase returns on the biggest foreign exchange reserves in the world.
Beijing announced plans for the fund in March in hopes of earning higher returns on its US$1.3 trillion in foreign reserves, which are the world’s largest.
One of the world’s largest sovereign funds is said to operate independently and keep investment decisions separated from government policy. /APA-Economics/

Politics

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THE OPERATION IS BEING PERFORMED