CIC bars investments into defense, casino, alcohol sectors
SWF China Investment Corp. (CIC) has mandated that it will avoid investments in the defense, casino and alcohol sectors, according to officials who labeled the sectors areas of “reputational risk.”
"We will not do anything that has a reputational risk for us," Jin Liqun, CIC supervisory board Chairman, said in Hong Kong, adding that the decision comes as China's PE industry grows increasingly significant...
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