China Investment Corporation halves funding request to $100 Billion

Posted on 04/02/2010

According to Reuters, “China Investment Corp (CIC), the country’s $300 billion sovereign wealth fund, has cut by half, to $100 billion, the amount of new funding it is seeking from the government, according to domestic media. An earlier proposal by CIC to the finance ministry for $200 billion in additional funding was not approved, the […]