CIC opens in Hong Kong
PRC SWF the China Investment Corporation (CIC) is setting up an office in Hong Kong, its first formal business operation outside the Mainland, and has engaged Laurence Lau, former Vice-Chancellor of The Chinese University of Hong Kong (CUHK) and former member of CIC's international advisory council, as chairman of the new entity.
The new office is in CITIC Tower in Hong Kong's Admiralty, also occupied by CITIC Capital Partners, and formal opening will follow in a few weeks. Lau recently stepped down from CIC's advisory panel, making...
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