Search
Friday Aug 8 2008
All times are London time
All times are London time
The 6am cut - Alphaville by email
Most Popular Posts
- Further Reading
- Further Reading
- The credit crunch, crunched: Authers and Murphy on a screen near you
- Further Reading
- Pink Picks
- Icahn: Well, maybe I can't -- at least, not on my own....
- Snap News
- Pink Picks
- Pink Picks
- Snap News
- Show more...
- Show less...
Blogs we're reading
- 1440 Wall Street
- Abnormal Returns
- Alea
- All About Alpha
- Arbitrage View
- Bespoke Investment Group
- Big Picture
- Brad Setser: Follow the money
- Calculated Risk
- Capital Chronicle
- Capitalist Resistance
- Crossing Wall Street
- Deal Journal
- Dealbook
- Dealbreaker
- Deus Ex Macchiato
- Felix Salmon
- Financial Armageddon
- Financial Crookery
- Fintag
- Free Exchange
- Infectious Greed
- Information Arbritrage
- Intelligent Mergers
- Interactive Investor
- Jeff Matthews
- Marketbeat
- Naked Capitalism
- Naked Shorts
- Nouriel Roubini
- Practical Risk Management
- Random Roger
- Reuters DealZone
- Robert Peston
- Short Stories
- Sudden Debt
- The Aleph blog
- The Epicurean Dealmaker
- The Oil Drum
- The price of everything
- Ultimi Barbarorum
- Wallstrip
Classified Jobs
- Senior Manager - Finance Transformation
- Recruiter: Accountancy/Consultancy Firm
Site Navigation
Principal content
aig barclays BSNL carlyle china citi cvc fortis fortress friends provident jc flowers Lombard Lonmin M&G merrill lynch Moodys Ping An Insurance sprint nextel ubs xstrata
China’s CIC raises budget to $90bn
China’s $200bn sovereign wealth fund now has as much as $90bn to spend on assets abroad, an increase of more than 30%, its president and chief investment officer said on Wednesday. The China Investment Corporation initially had about $66bn for investment offshore but Gao Xiqing said it had changed its allocation after the government reduced the amount needed to restructure some struggling state-owned financial institutions. Gao said most of CIC’s enlarged offshore allocation would go to external managers to invest in equities, fixed income products and alternative investments.
- Advertise with the FT
- Press enquiries
- Student offers
- FT Conferences
- FT Research Centre
- Corporate subscriptions
- FT Group
- Partner sites: Chinese FT.com
- Les Echos
- FT Deutschland
- Expansion
- © Copyright The Financial Times Ltd 2007. "FT" and "Financial Times" are trademarks of The Financial Times Ltd. Privacy policy
- Terms
Comments
This post is closed to comments.