久久亚洲国产成人影院-久久亚洲国产的中文-久久亚洲国产高清-久久亚洲国产精品-亚洲图片偷拍自拍-亚洲图色视频

   

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: 久久精品国产一区二区三区 | 免费人成在线观看网站 | 草草影院ccyy国产日本欧美 | 国产一线视频在线观看高清 | 国产精品一区在线播放 | 亚洲国产成人久久综合区 | 免费一级肉体全黄毛片高清 | 一级一级毛片看看 | 欧美精品一级毛片 | 美国做受三级的视频播放 | 亚洲国产精品一区二区久 | 日本在线观看免费视频 | 色偷偷亚洲男人天堂 | 成人在线一区二区三区 | 欧美日韩国产在线观看一区二区三区 | 日本欧美一区二区三区不卡视频 | 中文字幕天堂最新版在线网 | 久久国产精品久久精 | 国产三级视频在线 | 亚洲韩精品欧美一区二区三区 | 久久日本精品一区二区免费 | 成年女人毛片免费观看97 | 久9青青cao精品视频在线 | 国产精品不卡 | 国产美女一级特黄毛片 | 成人老司机深夜福利久久 | 国产精选经典三级小泽玛利亚 | 免费人成在线观看网站视频 | 国产精品19禁在线观看2021 | 欧美一区二区视频在线观看 | 国产成人久久久精品一区二区三区 | 成人做爰视频www在线观看 | 亚洲精品国产精品国自产网站 | 亚洲精品一区二区在线播放 | 亚洲精品日韩在线一区 | 午夜大片免费男女爽爽影院久久 | 国产毛片基地 | 欧美毛片a级毛片免费观 | 又粗又爽又色男女乱淫播放男女 | 国产高清在线观看视频手机版 | 精品国产_亚洲人成在线高清 |