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At the press conference, the NDRC announced it would issue 200 billion yuan ($28 billion) to local governments for spending and investment projects by year's end.
That firm then invested in a private equity firm called Beijing Jingguan Investment Center, which in turn bought shares in Ant. Beijing Jingguan was listed as one of 16 investors that provided a total of 29.1 billion yuan ($4.5 billion) to Ant in 2016. In 2018, it joined another group of funds that invested 21.8 billion yuan in Ant.
In November 2017, Great Wall was part of a consortium that paid HK$23 billion to buy 17 shopping malls in Hong Kong from Link REIT. [2] In July 2018, Great Wall received a capital injection of 12 billion yuan from National Council for Social Security Fund, two subsidiaries of China Re and China Life Insurance Company. [10]
In May 2021, CRHC set up a series of funds worth 70 billion yuan ($11 billion) that would invest in SOEs to drive corporate reform. [15] In January 2022, CRHC acquired a 72% stake in the securities brokerage unit of China Huarong Asset Management for 10.93 billion yuan ($1.72 billion). The unit now operates as China Reform Securities.
Qualified Domestic Institutional Investor (simplified Chinese: 合格境内机构投资者; traditional Chinese: 合格境內機構投資者; pinyin: Hégé Jìngnèi Jīgòu Tóuzīzhě), also known as QDII, is a scheme relating to the capital market set up to allow financial institutions to invest in offshore markets such as securities and bonds.
Image source: Getty Images. 1. Meta Platforms. Meta Platforms (NASDAQ: META) is investing heavily in AI, even making it the biggest investment area of 2024. But you probably know this company ...
China has set aside 200 billion yuan ($28 billion) for investment projects by local governments this year, as it promised to meet its own ambitious economic growth targets.
China Investment Corporation (CIC) is a sovereign wealth fund that manages part of China's foreign exchange reserves. China's largest sovereign fund , CIC was established in 2007 with about US$200 billion of assets under management , a number that grew to US$1,200 billion in 2021 [ 4 ] and US$1,3 billion in December 2024.
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