CIC to receive up to $200 billion in new funds: reports
China Investment Corp (CIC), Beijing's sovereign wealth fund, will soon receive new funds amounting to somewhere between $100 billion and $200 billion, reports quoting unnamed sources have said.
The Financial Times reported three unnamed sources on Monday as saying that CIC will receive the funds from the government, probably via the finance ministry, rather than the State Administration of Foreign Exchange (Safe), an arm of the central bank.
Senior officials have in recent weeks flagged that
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