中投

Beijing hands CIC sovereign wealth fund a further $50bn

China Investment Corp, the Chinese sovereign wealth fund, has received a further $50bn in capital from the government.

The move was disclosed in Beijing by CIC officials attending a forum for sovereign wealth and pension funds that meets twice a year.

The $50bn increase is less than the $100bn-$200bn CIC had sought and the size of the injection suggests that Beijing intends to release money to the fund slowly over time to better monitor its performance.

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