Investment strategy of sovereign wealth funds from emerging markets
The case of China
Bibliographic Data
| ID | 21188317 |
|---|---|
| Authors | Ewa Cieślik (0000-0002-7230-8480, Poznań University of Economics and Business, corresponding author) |
| Year | 2014 |
| Volume | 24 |
| Issue | 24 |
| Pages | 27-40 |
| Publication date | 2014-06-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Bulletin of Geography. Socio-economic Series (JOURNAL) |
| Journal identifiers | ISSN: 1732-4254 • E-ISSN: 2083-8298 |
| Publisher | Uniwersytet Mikolaja Kopernika/Nicolaus Copernicus University (PUBLISHER) |
| DOI | 10.2478/bog-2014-0012 |
| OpenAlex | W1985365521 |
| Language | EN |
| Citations received | 1 |
Chinese sovereign wealth funds SWFs continue to expand rapidly and have become increasingly active in real-time strategic transactions recently. They have focused not only on financial markets in developed countries, but they also concentrate on commodity investment in emerging markets (mainly in African or Central Asian markets). The main goal of this paper is to examine investment patterns and performance of two large Chinese sovereign wealth funds: the State Administration of Foreign Exchange Investment Company (SAFE IC) and the China Investment Corporation (CIC). In the absence of official data on the activities of the funds, the article is based largely on press releases relating to the operation of funds and corporate reports of the companies invested in by the Chinese SWFs. The paper presents sectoral and geographical directions of China’s SWFs investment and tries to describe how the investment strategy of the aforementioned vehicles changed until mid-2013. The main limitation of the adopted methodology derives from the lack of information and poor transparency of the analysed vehicles. Moreover to obtain the correct information on the details of fund investments (size, value, date) each press release requires extensive verification
Business · China · Corporate governance · Corporation · Economics · Emerging markets · Financial market · Financial system · Foreign direct investment · Fund of funds · Global assets under management · Institutional investor · Investment strategy · Market liquidity · Open-ended investment company · Return on investment · Sovereign wealth fund · Sovereignty · Umbrella fund · Global Financial Crisis and Policies · Natural Resources and Economic Development · State Capitalism and Financial Governance · Finance
| Unique citing works | 1 |
|---|---|
| Citations per year | 0.13 |
| Citation span | 2018 - 2018 (1) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 1 |