Operating in an inharmonious world
China Investment Corporation
Bibliographic Data
| ID | 12550226 |
|---|---|
| Authors | Leong H Liew (Griffith University, corresponding author), Liping He (0000-0002-1974-8962, Beijing Normal University) |
| Year | 2012 |
| Volume | 17 |
| Issue | 2 |
| Pages | 253-267 |
| Publication date | 2012-03-29 |
| Open Access | No |
| Type | ARTICLE |
| Venue | Journal of the Asia Pacific Economy (JOURNAL) |
| Journal identifiers | ISSN: 1354-7860 • E-ISSN: 1469-9648 |
| Publisher | Routledge (PUBLISHER • GB) |
| DOI | 10.1080/13547860.2012.668027 |
| OpenAlex | W2087336353 |
| Language | EN |
| Citations received | 2 |
| References cited | 4 |
This paper investigates the establishment and subsequent investment strategy of China's official sovereign wealth fund, the China Investment Corporation (CIC). CIC, as its stands today, is derivative of the contest between the People's Bank of China and Ministry of Finance for control over the nation's financial assets. The contest takes place amidst China's desire to avoid significant appreciation of its currency to protect its export markets and yuan value of its state-owned foreign financial assets. But investments of CIC are not merely regarded by the state as an instrument to influence the value of the yuan, they also reflect the state's attempt to better utilize its foreign exchange reserves to improve the nation's energy and resource security, and promote development of domestic industry. CIC's foreign investments have attracted global attention, but its support for China's SOEs through its banks might turn out to be more significant
Business · China · CONTEST · Corporation · Currency · Economics · Financial system · Foreign direct investment · Foreign-exchange reserves · Incentive · Investment (military · Market economy · Monetary economics · Political science · Politics · Sovereign wealth fund · Sovereignty · State (computer science · Value (mathematics · Global Financial Crisis and Policies · Natural Resources and Economic Development · State Capitalism and Financial Governance · Finance
| Citations per year | 0.22 |
|---|---|
| Citation span | 2017 - 2021 (5) |
| Highly cited | No |