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China's Sovereign Wealth Fund Might be Injected with Additional Capital
China's Sovereign Wealth Fund

As has been confirmed by Government officials, China Investment Corp., the country's sovereign wealth fund, might be injected with some more funds from China's foreign exchange reserves over the coming months.

Although a final decision is yet to be taken, reports assert that CIC would most likely be given funds similar to the initial amount of $200 Billion (124 Billion Pounds), which was given in 2007.

Any new infusion of funds would be seen as a direct acknowledgment from Beijing that CIC has managed to perform well and stick to firm grounds during the global financial crisis, it has been estimated.

The fund was set up to help China discover more beneficial ways to invest into foreign exchange reserves, which, as of the end of September, stood firm at $2.27 Trillion, and are packed for most part in "low-yielding instruments such as US Treasury bonds".

As the global economy started emerging from the recession, CIC was among the first to make investments everywhere in commodities-related assets which benefit from the rapid Chinese growth. Over the past few months, the fund has managed to bag a series of deals which have proved much beneficial for it.

No comments have yet been shared on the development by CIC.