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Article: CHINA INVESTMENT CORP. EYEING EXPANSION IN RESOURCES, REALTY
- Article from:
- AsiaInfo Services
- Article date:
- September 25, 2009
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AsiaInfo Services
09-25-2009
China Investment Corp. Eyeing Expansion in Resources, Realty
BEIJIGN, Sep 25, 2009 (SinoCast Daily Business Beat via COMTEX) -- China Investment Corporation (CIC), the country's USD 300 billion sovereign wealth fund, is looking to expand investment in resources and real estate sectors to capitalize on the global economic recovery.
The Beijing-based fund has studied possibilities for cooperation with Inner Mongolia Baotou Steel Rare-Earth Hi-Tech Co., Ltd. (SHSE: 600111) recently, disclosed people familiar with the matter on September 24.
An executive for the Baotou-based company confirmed such saying later on the day, noting that the two sides discussed possible ...