CIC is biggest buyer of Asian equities

Jun 10, 2010

Thanks to a strategic stake in ICBC, China Investment Corporation has become the biggest owner of Asian stocks, although most secondary market buying has been by American investors, says Ipreo.

China Investment Corporation was the biggest buyer of Asian equities in 2009, buying a net $98 billion last year and now owning $211.8 billion worth, says US research firm Ipreo, which bases its data on public filings dated from the fourth quarter.

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