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BEIJING, Nov 30: China Investment Corp., a company established recently to handle $200 billion of forex reserves, has vowed to play a “stabilising role” in global financial markets, state media said on Friday.
Lou Jiwei, the former vice finance minister in charge of the company, said no similar sovereign wealth fund had ever been a destabilising factor abroad, the China Daily reported.
“They are stabilising the market. The CIC will also do the same thing,” he was quoted as telling a conference in Beijing.
—AFP
