China - PBOC, CIC, SAFE, NSSF, Central Huijin, NDRC etc.

Re: CIC, SAFE, NSSF & Central Huijin

Postby millionairemind » Sat Apr 16, 2011 4:43 pm

April 16, 2011, 2.06 pm (Singapore time)

China sovereign wealth fund head sees global slowdown in 2012


BOAO, China - The global economy may slow down or even fall into recession again in 2012, Lou Jiwei, the head of China's US$300 billion sovereign wealth fund, said on Saturday.

'We are relatively optimistic about 2011, but for 2012, it is possible there will be a big drop in economic growth or even recession,' Mr Lou, chairman of China Investment Corp, told the Boao Forum for Asia on the southern Chinese island of Hainan.

Mr Lou said major economies may change their current pro-growth policies in the fourth quarter of this year, hurting economic performance.

In addition, oil supplies will likely be interrupted by the unrest in North Africa and the Middle East, he added.

Mr Lou said the economic situation in the United States would remain largely unchanged, while European countries would be dragged down by weak domestic demand.

He also expected emerging markets to raise interest rates and allow their currencies to strengthen, causing a slowdown in economic growth in those countries.

CIC was set up in 2007 to invest a slice of China's massive foreign exchange reserves, which have ballooned to US$3.05 trillion, in higher-returning assets.

It earned 12 per cent on its global investments in 2009, reversing a loss of 2 per cent in 2008. -- REUTERS
"If a speculator is correct half of the time, he is hitting a good average. Even being right 3 or 4 times out of 10 should yield a person a fortune if he has the sense to cut his losses quickly on the ventures where he has been wrong" - Bernard Baruch

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Re: CIC, SAFE, NSSF & Central Huijin

Postby LenaHuat » Sat Apr 16, 2011 6:48 pm

I agree with the above assessment too. Just a few days ago, the CEO of Hang Seng Bank was reported to have said that the Japanese will start to sell US treasuries next year for their rebuilding efforts.
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Re: CIC, SAFE, NSSF & Central Huijin

Postby winston » Mon Oct 10, 2011 3:32 pm

China Central Huijin Bought Shares Of Four Major China Banks Monday
Source: Xinhua
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Re: CIC, SAFE, NSSF & Central Huijin

Postby winston » Wed Oct 12, 2011 1:20 pm

China's state funds, Huijin Investment, massive buying of their own banks stocks over the past 2 days, is a warning from Beijing to foreign hedge funds not to play punk, the state-run Shanghai Securities News reports.
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Re: CIC, SAFE, NSSF & Central Huijin

Postby winston » Mon Oct 24, 2011 12:34 pm

Not vested

SHANGHAI, Oct 20 (Reuters) - China's national pension fund added a total of 16 new stocks listed on the Shanghai and Shenzhen exchanges to its investment portfolio in September, the Securities Times reported on Thursday, adding to recent reports that the government had moved in to support the country's struggling stock markets.

Source: Reuters
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Re: CIC, SAFE, NSSF & Central Huijin

Postby winston » Wed Oct 26, 2011 10:17 am

And what happens if they blow the money ?

China May Invest $376 Bln Social Security Fund In Markets -Report
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Re: CIC, SAFE, NSSF & Central Huijin

Postby winston » Thu Nov 17, 2011 10:56 am

DJ CIC Injects CNY20 Bln Into China Export & Credit Insurance

SHANGHAI (Dow Jones)--China Investment Corp., the country's $410 billion sovereign wealth fund, had injected CNY20 billion (US$3.15 billion )into China Export & Credit Insurance Corp., also known as Sinosure, in late June, the People's Bank of China said Wednesday.

Sinosure helps to facilitate and provide export credit insurance for tens of thousands of companies.

It has backed US$694.3 billion worth of domestic and international trade and investment as of October, according to the company's introduction posted on its website.

Source: Dow Jones Newswires
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Re: CIC, SAFE, NSSF & Central Huijin

Postby winston » Sun Nov 27, 2011 6:54 am

We often ridicule sovereign wealth funds, the huge investment funds controlled by governments.

They're among the worst investors in the world.

We've documented their follies for years. For example, a Chinese sovereign wealth fund paid $3 billion for 9.7% of Blackstone Group in the initial public offering. That stake is worth around $600 million today.

Source: Growth Stock Wire
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Re: CIC, SAFE, NSSF & Central Huijin

Postby winston » Wed Dec 21, 2011 3:58 pm

DJ UPDATE: China Pension Fund Injects CNY10 Bln Into Stock Market - Report


Source: Dow Jones Newswire
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Re: CIC, SAFE, NSSF & Central Huijin

Postby winston » Wed Jan 04, 2012 11:30 am

DJ China Social Security Funds Likely CNY2.7 Tln At End 2011 - Report

SHANGHAI (Dow Jones)--China's social security funds likely stood at CNY2.7 trillion (US$430 billion) at the end of 2011, the state-run China Securities Journal reported Wednesday citing Hu Xiaoyi, vice minister of the Ministry of Human Resources and Social Security.

"I don't think recent talk of whether they should be invested in stocks is in focus," Hu was quoted as saying. The focus of the funds should be on securing stable, long-term returns, he said.

Global economic turmoil poses great challenges to China's social security, so the country should prioritize safety by maintaining and increasing the funds' value, Hu was cited as saying.

Some government officials recently called for allowing pension funds to invest in local stock markets, a suggestion market participants interpreted as the authorities trying to boost confidence in the weak markets.

The benchmark Shanghai Composite Index ended 2011 lower by 22%.

Newspaper website: http://www.cs.com.cn

Source: Dow Jones Newswires
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