China set to invest again in Europe

Article report that Mr Lou Jiwei, the head of China’s flagship sovereign wealth fund, the China Investment Corporation, is looking to invest in Europe in 2009 after expressing relief that snubs from the continent saved Beijing from embarrassing investment losses in 2008. Mr Lou said he was pleased he did not make a single trip to Europe in 2008 after EU officials expressed concerns about his fund’s transparency and intentions.

ESO: Background information: Will sovereign funds reign over EU? http://www.europeansources.info/record/will-sovereign-funds-reign-over-eu/

Website: China Investment Corporation http://www.china-inv.cn/cicen/

Wikipedia: China Investment Corporation http://en.wikipedia.org/wiki/China_Investment_Corporation

ESO: Background information: A European framework for foreign investment http://www.europeansources.info/record/a-european-framework-for-foreign-investment/

ESO: Backgrond informaton: CESifo DICE Report 4/2008: Control Mechanisms for Sovereign Wealth Funds in Selected Countries http://www.cesifo-group.de/pls/guestci/download/CESifo%20DICE%20Report%202008/CESifo%20DICE%20Report%204/2008%20/dicereport408-rr.pdf

ESO: Background information: Europe doesn’t need sovereign wealth funds http://www.europeansources.info/record/europe-doesnt-need-sovereign-wealth-funds/

Website: Boao Forum for Asia http://www.boaoforum.org/Html/home-en.asp

International Working Group of Sovereign Wealth Funds: Generally Accepted Principles and Practices (GAPP)—Santiago Principles http://www.iwg-swf.org/pubs/gapplist.htm

---