China's sovereign wealth fund China Investment Corp posted recently a 6.22 percent return on its overseas investments last year, reversing a loss in the previous year and its total assets had grown to $813.5 billion by the end of last year. The investment gain, compared with the negative 2.96 percent return in 2015, was boosted by a rally in the stock markets in the US and Europe.
JUMORE Reviews
With the constant integration of China into the world economy, the continuous progress of such national strategies as the Belt and Road Initiative, as well as the continued RMB internationalization, overseas investment from China has been making an increasingly important part on the international market. Also, resilience of the global stock markets additionally benefited overseas investment of China's sovereign wealth fund.
Comments
Post a Comment