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New China wealth fund will not upset global mkts

Mon Oct 15, 2007 10:33pm EDT
 
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BEIJING, Oct 16 (Reuters) - China Investment Corp, the country's new $200 billion sovereign wealth fund, will aim for transparency in its operations and will not be a destabilising force in global markets, the firm's head said on Tuesday.

Lou Jiwei, speaking at a financial forum in Beijing, also denied market rumours that CIC had been buying shares in Hong Kong-listed companies.

 

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