INVESTMENTS - State fund sets out to put savings to work
The newly formed China Investment Corp. is tasked with managing one of the world's largest sovereign funds as well as Beijing's high expectations. Some of the finest financial minds are being engaged to maximise returns and ease upward pressure on the renminbi. But after losing US$840 million in its first foreign foray, questions remain about just how much trust Beijing will bequeath the agency's controllers. Elliot Wilson reports.
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