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China Sets a Course for Sovereign Wealth

Scene one is Beijing, just after China’s annual Spring Festival in February. The China Investment Corp. (CIC) has just moved its offices from the city’s west side financial district to the stylish Baoli Building on the near east side. But what hasn’t changed is that, as before, officials from the world’s top fund management companies, investment banks and private equity firms are pouring into CIC’s offices every day. This is a must-see stop for foreign financiers visiting China. Visiting Scholars Li Qing and Ling Huawei report in China’s Caijing magazine.

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