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Wednesday, January 19, 2011

CIC office to be announced this Friday-Geared towards Canada's natural resources!

So, this Friday is the day. The day we are to learn the Toronto location of CIC (China Investment Corporation) office.


Don't forget Nov.3-4, 2010 in Hong Kong when Investment-Chromite was the top agenda for Premier Dalton McGuinty.
Don't forget the people he met with :Chairman Li Ka-shing and CEO of Citic Merchant Bank Eric Huang
Don't forget that Citic Capital holdings Ltd is the investment arm of sovereign wealth fund China Investment Corp.(CIC)

Updated: 19/01/2011
CIC to open Toronto office, geared towards Canada's natural resources
®Copyright MediaCorp
China Investment Corporation or CIC, the country's sovereign wealth fund, reportedly plans to open a Toronto office.

According to newswires, CIC with US$300 billion under management, plans to announce the new representative office on Friday.

Fund managers say the reason for choosing Toronto may be twofold -- first for potential investments geared towards Canada's natural resources, while second might be for tax benefits.

The extension to Toronto comes as CIC is trying to expand its business operations internationally and to be taken seriously as a global investment group.

It will be CIC's second office outside mainland China, after opening a Hong Kong office last year.
A CIC spokesperson declined to comment.

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