China Investment Corp. (CIC) is seeking to invest in the dilapidated infrastructure of developed countries, Financial Times reports. The country’s main sovereign wealth fund will start its investment with the U.K.
The $410 billion Chinese fund may team up with fund managers or participate through a public-private partnership in the U.K. infrastructure sector as an equity investor. CIC was established in 2007 with a small portion of the reserves and given the task of making riskier offshore investments and earning higher returns.
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