CIC Sees Potential in Russia
The China Investment Corporation sees tremendous potential to invest in Russia and has already done so. The CIC and Harvard University were among a crop of new investors who purchased a 10% stake in Bank VTB OAO. Russia is planning a wave of privatizations to open up its markets and increase foreign capital investment. Moscow wants to challenge London, as a global financial center and is undertaking several initiatives to do so. It also wants to appeal to private equity investors.[ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]
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