Caixin OnlineFinance & EconomicsTop Stories Finance CIC Eyes More Investments in Manufacturing, Property
01.15.2013 19:29

CIC Eyes More Investments in Manufacturing, Property

Sovereign wealth fund seeking to diversify portfolio and earn stable returns, its chairman says
By Hong Kong correspondent Dai Tian

(Hong Kong) -- China Investment Corp. (CIC) will expand its investments in manufacturing and real estate this year in search of better returns, says Lou Jiwei, chairman of the country's sovereign wealth fund.

Lou said on January 14 at the Asian Financial Forum in Hong Kong that CIC long focused on investments in the financial and commodities sectors, but this year it would increase investment in manufacturing in a bid to further diversify.

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