China's $1 trillion sovereign wealth fund has hooked up with Goldman Sachs to buy US firms

Author: Eamonn Sheridan | Category: News

Reuters report that China's $1 trillion sovereign wealth fund (China Investment Corp (CIC)) is scouting for long-term investments in the United States

  • Have established a $5bn fund with Goldman Sachs
  • $2.5bn has been raised already
  • China-U.S. Industrial Cooperation Fund, launched in November 2017 on the sidelines of former U.S. President Donald Trump's visit to Beijing, has completed two investments in the United States


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