China Investment Corp's Gao Xiqing Promises "Transparency" on CBS 60 Minutes
Filed in archive Sovereign Wealth Funds on April 7, 2008
Sovereign wealth has become a controversial concept. Countries take their monetary reserves and invest them in businesses in other countries. And no sovereign wealth fund (SWF) has been more controversial than that of the People's Republic of China - the China Investment Corp (CIC).
The fund has $200 billion in assets. This interview by CBS's Lesley Stahl is the first deep insight into the workings of the CIC. Stahl interviews CIC President Gao Xiqing. Gao talks frankly about the funds goals, and about how the rest of the world feels about the CIC.
The interview is embedded below...
Tags: CIC SWF Sovereign Wealth Funds China Investment Corp Gao Xiqing china china+investment
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Response from:
Michael
(04/13/08 12:55pm)
Hello!We think it is great that Gao Xiging wants venture in usa.We live here and have company's loooking to invest with us in residential homes,commercial,ect.At least China offer's hand up!And maybe we can learn from those who has the gold makes the rules.Us goverment never help us,or make any offers.Thanks
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