CIC responds to its critics

It was only last week that US presidential hopeful Hillary Clinton said she thought China was buying too many US Treasury securities. Speaking at the Credit Suisse Asian Investment Conference yesterday, Jesse Wang, chief risk officer at China Investment Corporation (CIC), China's $200 billion sovereign wealth fund, took the opportunity to dispel some conspiracy theories about the government's investments.

By Wang’s own admission, the speech was largely a PR exercise to set things straight in the minds of foreign investors. CIC has been in the spotlight since it was established in ...