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Qatar Holding Invests in 22.22% Stake in CITIC Capital Holdings Limited

According to the press release, “CITIC Capital Holdings Limited (CITIC Capital) is pleased to announce that Qatar Holding LLC (Qatar Holding) has subscribed for new shares in CITIC Capital, equivalent to 22.22% of the ownership in CITIC Capital. After issuance of the new shares, CITIC Pacific Limited and CITIC International Financial Holdings will jointly hold a 42.78% stake in CITIC Capital; China Investment Corporation another 31.11%; and the management and the trustee of the share scheme of CITIC Capital the remaining 3.89%.

‘We warmly welcome Qatar Holding to be our new shareholder,’ said Yichen ZHANG, Chief Executive Officer of CITIC Capital. ‘Not only will Qatar Holding provide us with an enlarged capital base to fund our business expansion and investments, its significant backing will strengthen our brand positioning meaningfully as the most preferred and committed partner to invest with, both in and outside China. I am confident that the expanded shareholder base will further strengthen our business network and resources, and vitalize us to continue to pursue high standards of governance. We look forward to working closely with Qatar Holding, in addition to our existing shareholders, China Investment Corporation and CITIC Group, who will continue their commitment and strong support to us.'”

Read more: Press Release

UNICEF and NBIM to Host Meetings on Children’s Human Rights

The United Nations Children’s Fund (UNICEF), a United Nations programme headquartered in New York City, has partnered with Norges Bank Investment Management (NBIM) to facilitate a series of meetings between companies to discuss issues surrounding children’s human rights.

According to the news release, “the network will facilitate dialogue between leading brands and retailers in the garment and footwear industry to strengthen children’s rights.”

NBIM is invested in many listed companies and have invited them to join a network to tackle these issues. Over the next two years, the organizations plan to hold three workshops as well as quarterly meetings surrounding these issues.

“Over time, we hope and expect that the network will contribute to improved market practices among companies and greater respect for children’s rights,” says Carine Smith Ihenacho, Global Head of Ownership Strategies, in a NBIM press release.

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SouthGobi’s CEO Arrested, CIC Struggles with Investment

The China Investment Corporation (CIC) has long struggled with its investments in coal assets, specifically in globally-listed coal miner SouthGobi Resources Ltd, which operates its flagship coal mine in Mongolia. In November 2009, CIC and SouthGobi Resources inked a convertible debenture deal. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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Qatar Central Bank Deals with MSCI

MSCI, a stock index company whose benchmarks influence investor behavior, has tremendous indirect power impacting the stock markets of smaller economies. In 1988, MSCI released its emerging markets index, a now-widely-used benchmark for many institutional investors wanting access to growth markets. China and South Korea make up the majority of the benchmark, but smaller economies such as Poland, Chile and even Qatar make up other pieces of it.

[ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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