SAN FRANCISCO (MarketWatch) — China formally launched its state investment company Saturday which is intended to manage about $200 billion of its massive foreign exchange reserves, Chinese state media reported. Since January 2004, Central Huijin has injected $60 billion of its foreign reserves to boost the capital of Industrial & Commercial Bank of China, Bank of China Co. Some believe the fund should be a passive vehicle that invests primarily through professional money managers and hedge funds, while others argue it should be used to purchase strategic reserves of oil and other commodities and to help mainland companies fulfill overseas ambitions. China launches $200 bln forex super-fund – MarketWatch Intraday data provided by Comstock , a division of Interactive Data Corp. read more
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