国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

   

Brown offers London as base for China sovereign fund

(Agencies/China Daily)
Updated: 2008-01-20 15:23

UK Prime Minister Gordon Brown offered London as an overseas base for China Investment Corp (CIC), the nation's $200 billion sovereign wealth fund, aiming to encourage the world's fastest-growing major economy to invest in Britain.

Related readings:
Sovereign Wealth Funds to see another boom in 2008
City of London woos China Investment Corp
CIC gives reference price for MS share purchase
Market, experts hail Morgan Stanley deal
CIC to be stable force in global financial market

China fund in talks to buy stake in US private equity firms

"If CIC opened an office in London, that would help more UK fund managers win mandates from the fund," said Ke Shifeng, who helps manage about $5 billion of Greater China assets for Martin Currie Investment Management in Shanghai. "It could also drive CIC to take more equity stakes in British companies."

China's economy overtook the UK in 2005, and trade between the nations may grow 50 percent to $60 billion by 2010, according to a goal set by Brown and Chinese Premier Wen Jiabao on Friday.

The two nations signed eight agreements worth a total of $800 million to cooperate in education, climate change and renewable energy, according to Xinhua News Agency.

Moreover, the two premiers agreed to allow Chinese companies to double their initial public offers on the London Stock Exchange in the next two years.

CIC, set up last year to seek better returns on China's foreign-exchange reserves, plans to invest as much as $70 billion overseas. The Beijing-based fund spent more than $8 billion last year buying stakes in Morgan Stanley, the second-biggest US securities firm, and Blackstone Group LP, manager of the world's largest buyout fund.

"CIC setting up in London would foster closer ties and help make it more willing to commit capital to British opportunities," said Barry Livett, co-chair of financial services at the British Chamber of Commerce in China and chief executive of Abacus Corporate Finance.

"Amidst the global economy's difficulties and turbulence, the importance of China and our growing relationship is absolutely crucial to the success of the global economy," Brown said during his first China trip as prime minister.


(For more biz stories, please visit Industry Updates)



哈密市| 闵行区| 彰化市| 麻栗坡县| 城口县| 高邮市| 泸西县| 东乌珠穆沁旗| 长岛县| 乌鲁木齐县| 黄龙县| 同江市| 儋州市| 青龙| 建瓯市| 洱源县| 西丰县| 正阳县| 甘肃省| 扎兰屯市| 武宣县| 乌鲁木齐市| 新化县| 道真| 同江市| 新邵县| 六枝特区| 阿拉善左旗| 淮滨县| 呈贡县| 临泽县| 海原县| 阿拉尔市| 秦皇岛市| 哈尔滨市| 将乐县| 孟津县| 曲阜市| 廉江市| 色达县| 大足县|