China SWF Eyes Russia Investments

China’s $300 billion sovereign wealth fund,China Investment Corporation(CIC), is seeking to invest in Russia,AFPreports, citingXinhua News Agency. CIC may either invest through Russia’s direct investment fund or through a new round of privatization in the country.

The direct investment fund aims to attract $10 billion in foreign investment from Russia in the next five years. CIC’s Russian portfolio was expected to include stocks and bonds, commodities, infrastructure and real estate projects to diversify risks.

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