News Column

Azerbaijan Invests Big in CNY Assets

June 11, 2014

BEIJING, June 11, SinoCast ? Azerbaijani sovereign wealth fund planned to invest at most USD 1.8 billion in CNY assets in 2014, being one of the biggest open investments in CNY assets.

CEO of State Oil Fund worth USD 37 billion revealed that the fund is applying to Chinese government regulators for license to buy CNY assets. Investment will be started by the end of 2014 at the latest. The fund will use all the money it has this year to invest in CNY assets.

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Source: Sinocast Banking & Credit Beat (China)

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