Investment Updates News
- Forex investment agency to be launched
Date: 20-Sep-2007 Sources: (Shenzhen Daily)
THE country's much-awaited new sovereign wealth fund will start operations Sept. 28, a newspaper reported yesterday.
The China Business News, echoing other media reports, said the chairman of the agency would be Lou Jiwei, a former deputy finance minister. Gao Xiqing, vice chairman of China's national pension fund, would be the general manager. But the paper, without giving sources, said deputy central bank governor Su Ning would not be part of the management team. Contradicting media reports earlier this month, it also said Goldman Sachs managing director Fred Hu would probably not head the new fund's research team.
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