China Investment Corporation (CIC), China's $300-billion sovereign wealth fund, may get additional $200 billion from the country's massive $2.27-trillion foreign exchange reserves, said the Financial Times reported today.Any infusion of fresh funds into CIC would be an acknowledgement from the Chinese government that CIC has shown excellent results compared to Singapore's wealth fund Temasek, although it came under criticism for incurring book value losses on its investments in Morgan Stanley and the US private equity firm Blackstone during the global financial crisis.
Full Story
