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| Jon Macaskill is one of the leading capital markets and derivatives journalists, with over 20 years’ experience covering financial markets from London and New York. Most recently he worked at one of the biggest global investment banks |
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China Investment Corporation, the smaller of the two funds used to deploy China’s vast foreign exchange reserves, is already one of the most aggressive sovereign wealth fund players in structured investments and trading, and is set to become an increasingly important revenue source for banks.
CIC could receive a boost of as much as $200 billion in assets in the coming months, which is likely to accelerate its move into trading markets. The fund’s public investments dominate outside attention – most notably the $5.6 billion purchase of Morgan Stanley stock that marked its first big deal in December 2007.
