Portion of CIC Funding Bonds to be Rolled Over
Posted on 07/26/2017
China’s Ministry of Finance had issued roughly 1.55 trillion RMB of notes back in 2007 to help establish the China Investment Corporation (CIC). The Ministry of Finance had used those proceeds to acquire an equal amount of foreign exchange reserves from the People’s Bank of China (PBOC). 600 billion RMB (US$ 89 billion) of those […]
