Wednesday October 28, 02:32 AM
China CIC has invested half of cash, returns "not bad"
BEIJING, Oct 28 (Reuters) - China's sovereign wealth fund has invested about half of its available funds, mainly in publicly traded assets, and has enjoyed 'not bad' returns so far this year, its chief said on Wednesday.
Lou Jiwei, chairman of China Investment Corp (CIC (CC.NX - news) ), told a forum in Beijing that CIC had accelerated investment in commodities and real estate.
It was seeking financial returns, not control over the companies in which it invested, Lou added.
CIC had $298 billion in assets at the end of 2008.
(Reporting by Zhou Xin and Jason Subler; Editing by Chris Lewis)
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