Azerbaijan eyes onshore RMB investment for portfolio diversification

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By Carrie Hong
30 Jul 2014

The State Oil Fund of the Republic of Azerbaijan (Sofaz) has applied to the People’s Bank of China (PBoC) for indirect renminbi investment in China’s onshore market to diversify its current investment portfolio, Israfil Mammadov, deputy CEO of Sofaz, has told GlobalRMB.

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