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WEALTH MANAGEMENT | Cesar Tordesillas, India
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China's sovereign wealth fund suffers losses in 2011

The China Investment Corporation posted a negative 4.3 percent in its overseas portfolio yield for 2011 due to slow global economic recovery and the European debt crisis.

 

CIC, the nation's sovereign wealth fund, confirmed it received 30 billion U.S. dollars of cash injection from the State Administration of Foreign Exchange, which meant the latter had become the shareholder of the fund.

But the company said the move would not affect company's independence in investment decisions.

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