CIC Making Progress on Managing More Assets
The China Investment Corporation has not received the proposed capital injection from the Chinese Government. It will take some considerable time and analysis. Some members of the press and media reported the CIC already received the funding; however, the CIC is making progress on its goal of managing more funds for the Chinese Government. The CIC and other governmental stakeholders are working on a mechanism to allow the CIC to receive continued funding. Will the China Investment Corporation be the official manager of diversified governmental Chinese sovereign wealth?
Many sovereign wealth funds, especially the commodity-based sovereign funds have an orderly process of receiving fund injections in an ongoing basis. On the other hand, non-commodity-based funds often receive funds to manage through one-time transfers, not so much on a constant frequency.