|
BIZCHINA> Markets
![]() |
|
China Investment Corp to start investing in Japan stocks
(Agencies)
Updated: 2008-09-01 15:55 Sovereign wealth fund China Investment Corp (CIC) will begin to invest in the Japanese stock market, the Mainichi Shimbun reported, citing sources familiar with the matter. The CIC has entered the final stage of negotiations with Japanese banks to establish yen-denominated settlement accounts, the report said. A Chinese government-affiliated think tank has surveyed Japanese financial institutions to find out possible reactions to acquisitions by China of up to 20 percent stakes in domestic companies, the report said. It added that CIC has also been recruiting fund managers with expertise in the Japanese market, and is apparently contemplating investments in natural resources-related firms and corporations with a strong presence in the environmental technology sector. The CIC will take purely investment positions in the Japanese market without seeking control, the report added. (For more biz stories, please visit Industries)
|
江油市| 林西县| 巫山县| 兴宁市| 台山市| 乌审旗| 巧家县| 宜州市| 城口县| 韶山市| 长乐市| 饶河县| 衡南县| 金坛市| 东乌| 汪清县| 锡林浩特市| 安仁县| 桐乡市| 阿尔山市| 平乡县| 子长县| 双辽市| 鲁甸县| 武定县| 平顶山市| 南木林县| 东海县| 永新县| 沾化县| 南漳县| 汉川市| 穆棱市| 湖北省| 长子县| 神木县| 准格尔旗| 醴陵市| 兴山县| 上杭县| 绥宁县|