Menu Close

BBC News – China’s wealth fund CIC ‘scales back exposure to Europe’

China’s sovereign wealth fund, China Investment Corporation (CIC), has cut its European stock and bond investments on fears of a eurozone break-up.

In an interview with the Wall Street Journal, CIC chairman Lou Jiwei said: “There is a risk that the eurozone may fall apart, and that risk is rising.”

Mr Lou also scotched speculation that the state-owned CIC might buy eurobonds if and when they are launched.

via BBC News – China’s wealth fund CIC ‘scales back exposure to Europe’.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

RSS
Follow by Email
LinkedIn
Share