CHINA PRESS: China’s $300 billion sovereign wealth fund is increasingly
interested in seeking opportunities in Hong Kong as it shifts its focus
this year to investing in emerging markets, The South China Morning Post
reports citing an executive. Wang Jianxi, the vice-president of China
Investment Corp (CIC), said the company’s investment strategy does not
target a specific region or country. But with the portfolios divided
between emerging and developed markets, Hong Kong is one place the
company has been seeking investment opportunities. “We have been
investing in Hong Kong and will continue to seek opportunity in line
with our strategy,” Wang was cited saying at the sidelines of the
National People’s Congress.