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China Investment Corp gets injection of capital

Updated: 2012-02-14 07:53
( China Daily)

BEIJING - China Investment Corp, the nation's sovereign wealth fund, has received a capital injection after it invested almost all of its cash in 2010, said Lou Jiwei, CIC chairman.

In an interview at a Beijing forum on Monday, Lou declined to disclose the amount of the infusion. He said a Caixin Online report that said CIC received $50 billion was "inaccurate".

Almost all of the money in the fund was spent in 2010 as an improving world economy prompted a 10-percent gain in the MSCI World Index, which tracks more than 1,600 stocks, and CIC has been seeking capital from the government for a year.

China Investment Corp gets injection of capital