Sovereign fund China Investment Corp out with their annual report 11 July
- total investment income $83bln vs 76.7bln prev
- total assets exceed $813.5bln
- relatively satisfied with 2016 results
- wants to increase investments in US
- hopes US can provide looser investment opportunities
- optimistic on UK economy, investment opportunities
Given the overseas investment portfolio boosted profits it's little surprise they should be looking to extend those books.
Meanwhile USDJPY extends gains to post 114.43 in rapid fashion, levels not seen since mid-March with USD demand generally prevailing.
China's CIC seeking better returns overseas
