China to commit up to $200bn more in CIC - reports
China Investment Corporation (CIC) is set to receive a $100-$200 billion capital injection from the government, the Financial Times reported, adding to the SWF’s current $110 billion under management that has been allocated for overseas investments.
Citing sources close to the fund, the FT notes that the top-up financing is an attempt by the government to minimize its exposure to US debt. China has more than $3 trillion of foreign exchange reserves,...
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