男女羞羞视频在线观看,国产精品黄色免费,麻豆91在线视频,美女被羞羞免费软件下载,国产的一级片,亚洲熟色妇,天天操夜夜摸,一区二区三区在线电影
   

Wealth fund hiring foreign money managers

(Agencies/China Daily)
Updated: 2008-02-29 10:03

China Investment Corp (CIC), the country's $200 billion sovereign wealth fund, is hiring foreign fund managers to invest in hedge funds and private equity as well as in traditional assets such as bonds and shares.

Related readings:
Wanted: CIC bond managers
Sovereign wealth fund seeks external fixed-income managers
Managers scramble for CIC
Brown offers London as base for China sovereign fund

Gao Xiqing, the fund's general manager, said Thursday that he hoped to hire the managers within the next few months.

Dozens of the world's leading money managers have been making presentations to CIC in Beijing in recent weeks in an effort to win coveted mandates to handle some of the fund's money.

"The hiring is going smoothly. We are actively doing it. The asset classes we are hiring managers for include the cash market, fixed income, equity and hedge funds," Gao told reporters on the sidelines of a pension fund forum in Suzhou.

"We will also be hiring managers for private equity," he added, but did not elaborate.

China set up the sovereign wealth fund last September to earn greater returns on part of its $1.53 trillion of foreign exchange reserves.

CIC will invest only a third of its initial money overseas. It has already spent most of the rest buying investment vehicles used by the central bank to recapitalize domestic banks.

Gao said he hoped to finish hiring external money managers as soon as possible within a few months. "We must negotiate the terms, so it needs some time," Gao said.

The process could have been shorter if CIC had invited just a few firms to bid for the mandates.

But to ease concerns about a lack of transparency among sovereign wealth funds, CIC had invited a large number of asset management firms to apply, making selection a tougher task.

"Sovereign funds have come under a lot of pressure. In fact, we didn't need to invite everyone. We just needed to invite the top-performing ones. But we're doing so to show we have transparency," Gao said.

Zheng Bingwen, a pension fund expert at the Chinese Academy of Social Sciences, said at the forum that CIC's assets would expand rapidly as China's foreign exchange reserves are likely to keep growing for the next 20 years.


(For more biz stories, please visit Industry Updates)



主站蜘蛛池模板: 平安县| 平泉县| 沛县| 泰州市| 河间市| 古丈县| 南皮县| 炎陵县| 金川县| 吉水县| 三台县| 同心县| 南康市| 兴国县| 蓬溪县| 淄博市| 巴林左旗| 广平县| 琼海市| 吉安市| 墨竹工卡县| 南京市| 谢通门县| 商城县| 荔浦县| 屏山县| 丹凤县| 耿马| 南溪县| 仙游县| 金塔县| 隆尧县| 麻栗坡县| 中超| 信阳市| 大城县| 昭平县| 五寨县| 昌黎县| 怀宁县| 建德市| 桃源县| 泾川县| 南丰县| 林州市| 武冈市| 内乡县| 北海市| 沅陵县| 汝南县| 罗甸县| 灵台县| 凤翔县| 新疆| 曲松县| 福安市| 科技| 淮滨县| 嘉峪关市| 铜梁县| 灵寿县| 绥芬河市| 古浪县| 娄底市| 丽水市| 洞头县| 肃南| 和硕县| 天台县| 方山县| 双柏县| 东海县| 隆安县| 富阳市| 长寿区| 唐山市| 丹棱县| 杭锦后旗| 玛曲县| 山西省| 宽城| 昆明市|