Sovereign wealth fund may get $200b cash injection

Sovereign wealth fund China Investment Corp (CIC) may get a $200 billion capital injection by the first quarter of next year, after approvals from the relevant authorities, according to sources familiar with the fund.

It would also be the second time that the fund is getting additional funds after it got the same amount when it was set up in 2007.

According to the sources, a team of financial experts from the Ministry of Finance, the State Administration of Foreign Exchange and the People's Bank of China are working out the modalities for the capital injection.