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: 香蕉网站狼人久久五月亭亭 | 国产精品久久久久久久久久久不卡 | a亚洲| 播放一级毛片 | 全免费a级毛片免费看 | 日本一级在线播放线观看视频 | 成人7777| 成年人免费在线视频观看 | 亚洲成人综合在线 | 999国内精品永久免费视频 | 手机免费看毛片 | 手机看片神马午夜片 | 久久精品国产亚洲综合色 | 一级特级aaaa毛片免费观看 | 亚洲性生活视频 | 一级做a毛片免费视频 | 亚洲精品视频在线观看免费 | 深夜福利亚洲 | 亚洲毛片 | 国内国外精品一区二区 | 亚洲天堂影院在线观看 | 伊人久久精品午夜 | 欧美第五页 | 亚洲国产日韩欧美高清片a 亚洲国产日韩欧美在线 | 久草a在线 | 成人性版蝴蝶影院污 | 欧美一区二区三区精品 | 国产精品久久久久久一级毛片 | 国产三级全黄 | 在线成人欧美 | 亚洲欧美一区二区三区久本道 | 亚洲综合色在线观看 | 永久精品免费影院在线观看网站 | 全免费a级毛片免费毛视频 全午夜免费一级毛片 | 欧美一区二区三区久久综 | 日本特黄特色大片免费看 | 欧美成人欧美激情欧美风情 | 全部免费的毛片视频观看 | 国产不卡视频在线观看 | 久久久久性 | 在线视频一区二区三区在线播放 |