CIC opens in Toronto
Source: Xinhua |
January 22, 2011, Saturday
|
Print Edition
Print Edition
CHINA Investment Corp, the country's sovereign wealth fund, has inaugurated its first foreign representative office in the Canadian city of Toronto. The move comes as CIC tries to expand its international business operations. It opened a subsidiary in Hong Kong last November.
The Toronto office will enhance long-term cooperation with business partners and exploring new areas and opportunities for investment in Canada, company Chairman and CEO Lou Jiwei said on Thursday.
CIC was established in September 2007 as a wholly state-owned corporation with a registered capital of US$200 billion.
The Toronto office will enhance long-term cooperation with business partners and exploring new areas and opportunities for investment in Canada, company Chairman and CEO Lou Jiwei said on Thursday.
CIC was established in September 2007 as a wholly state-owned corporation with a registered capital of US$200 billion.
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