www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

US EUROPE AFRICA ASIA 中文
Business / Companies

CIC seeks balanced portfolio

By GAO CHANGXIN (China Daily) Updated: 2013-01-15 01:45

Media reports: Sovereign wealth fund wants up to 10% stake in Daimler AG

China Investment Corp, or CIC, is to balance out its portfolio this year, as a China-led global recovery mitigates risks, said CIC Chairman Lou Jiwei on Monday.

The nation's sovereign wealth fund wants to stick closely to its investment guidelines after it "under-bought" in Europe and "over-bought" in the United States and emerging markets in 2012 in response to global economic uncertainties.

"Our view is that 2013 will see a slow recovery ... but there won't be bright highlights, so we have decided to go back to having balance," said Lou at the annual Asia Financial Forum in Hong Kong.

Lou said the CIC will invest more in manufacturing, real estate and infrastructure. In a display of CIC's new interest in manufacturers, media reports last week said that it plans to buy a 4 to 10 percent stake in the German automaker Daimler AG. It has also bid for an 800 million pound ($1.3 billion) London office complex, in what could be the United Kingdom's highest-value property deal since the start of the financial crisis.

CIC seeks balanced portfolio

German auto giant Daimler AG's Mercedes Benz plant in Untertuerkheim, Germany. Media reports said last week that China Investment Corp plans to buy a 4 to 10 percent stake in the German automaker. [Provided to China Daily]

Positions on the financial services industry and commodities will be discussed.

CIC was established in 2007 by the Ministry of Finance, which issued 1.55 trillion yuan in special bonds to acquire around $200 billion of the country's foreign exchange reserves and form CIC's capital.

Committed to long-term investments overseas, CIC has made a slew of successful investments and seen its assets increase rapidly. But in 2011, it reported a 4.3 percent loss in overseas investments amid the global downturn. The total assets of the CIC stood at $482 billion at the end of 2011, up 17.7 percent from the previous year. Results for 2012 have yet to be published. CIC typically releases its annual results in July.

Lou warned the recovery in 2013 will be fragile and there will be the risk of a recession.

"The US didn't fall off the big 'fiscal cliff', but there are still smaller cliffs ahead," said Lou, referring to the sharp decline in the budget deficit that could have occurred in 2013 due to increased taxes and reduced spending as required by previously enacted laws.

"Though very slim, there are still chances that the US will fall off one of them."

In terms of US Treasuries, Liu said there are a dilemma. He said US Treasuries are safe and crucial in lowering risks in investment portfolios, but generate very low yields. "My advice is to buy a little," Lou said.

CIC believes China will be the fastest-growing economy in the foreseeable future and will invest more in neighboring countries that benefit from cooperation with China.

Global investors ditched a hard-landing scenario after the Chinese economy regained momentum in the second half of 2012. Economists believe that China's economy grew 7.8 percent in 2012 and that 8 percent growth is in store for 2013.

Contact the writer at gaochangxin@chinadaily.com.cn

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 国产大乳喷奶水在线看 | 男女超猛烈啪啦啦的免费视频 | 久久久香蕉 | 午夜免费片在线观看不卡 | 亚洲国产成人久久一区www | 亚洲欧美日韩国产vr在线观 | freesexvideo性欧美tv2021 | 国产精品视频久 | 手机看片自拍日韩日韩高清 | 亚洲欧美高清视频 | 欧美高清一区 | 免费欧美黄色 | 久久久久国产成人精品亚洲午夜 | 国产第一福利影院 | 一级黄色免费网站 | 国产一区二区三区在线观看免费 | 女让张开腿让男人桶视频 | 性夜影院爽黄a爽免费看网站 | 老司机午夜在线视频免费观 | 亚洲最大的视频网站 | 久久精品国产亚洲综合色 | 一级毛毛片毛片毛片毛片在线看 | 欧美xxxx精品另类 | 伊人久久国产免费观看视频 | 狼人总合狼人综合 | 男女福利社 | 久99久精品视频免费观看v | 香蕉视频老司机 | 96精品视频在线播放免费观看 | 狠狠综合久久 | 美女网站18 | 插美女网站 | 亚洲国产一区在线二区三区 | 欧美f| a毛片免费全部播放毛 | 在线精品视频在线观看高清 | 一级国产交换配乱淫 | 美女黄页网站免费进入 | 日本一道免费一区二区三区 | 91精品国产免费网站 | 91精品在线免费 |