Sat, March 21, 2009
Business > Industries

China Investment Corp. cautious about financial derivatives

2009-03-21 09:45:07 GMT2009-03-21 17:45:07 (Beijing Time)  Xinhua English

BEIJING, March 21 (Xinhua) -- China Investment Corp. (CIC), the country's sovereign wealth fund, was taking cautious stance toward investments and would not invest in financial derivatives that had no obvious relationship with the real economy, CIC chairman Lou Jiwei said here Saturday at the China Development Forum 2009.

These derivative financial products should be phase out of the financial market, Lou said.

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