Date: June 27th, 2007 9:34 PM
Author: Fluffy Swollen Kitchen Water Buffalo
"China poised to set up $200 bln investment fund
Wed Jun 27, 2007 6:51AM EDT
By Alan Wheatley, China Economics Editor
BEIJING (Reuters) - China took a big step on Wednesday towards establishing a fund that will invest $200 billion of the country's $1.2 trillion in foreign exchange reserves in assets around the globe."
" Officials have cited Singapore's state investment funds as a model for its as-yet unnamed agency, suggesting it will in future be buying stakes worldwide in publicly quoted companies and real estate as well as making private equity investments.
The Middle East is one area of interest.
Dubai and Chinese officials have already begun talks on cooperation between their respective state investment agencies, a senior Dubai executive said on Wednesday.
"The Chinese will be looking at investments that we already have in the Middle East and in Western regions of the world," Yu Lai Boon, chief investment officer at state-holding company Dubai World Group, told Reuters in Singapore."
http://www.reuters.com/article/bondsNews/idUSHKG31287320070627
(http://www.autoadmit.com/thread.php?thread_id=650071&forum_id=2#8309202)