CIC Will Get $200 Billion For &Nbsp, And The Central Bank'S Finance Department Is Controversial.

According to British media, three people familiar with the matter said that China's sovereign wealth fund China Investment Co (CIC) will soon receive new funds of 100 billion to 200 billion dollars from the government.

　　 CIC The US $110 billion has been allocated to overseas investment. On the occasion of new funding, Beijing is trying to reduce its impact on the United States. National debt The opening. China's central bank governor and other top officials have indicated that China's foreign exchange reserves have exceeded reasonable demand.

China's foreign exchange reserves, which already rank first in the world, have increased by nearly US $200 billion in the first quarter of this year, and the total amount has exceeded US $3 trillion for the first time. In the past week, two official senior economists have said that China needs only about $1 trillion in foreign exchange reserves.

Another source said that in addition to giving more capital to CIC, China also considered setting up new special purposes with foreign exchange reserves. Investment The fund will invest in energy and precious metals industries, and may also establish a foreign exchange stabilization fund.

Policymakers are debating a heated debate on how much new funds should be invested by CIC. At the same time, there is a war of words between the central bank and the Ministry of finance about whether the central bank should have greater control over CIC. A person familiar with the matter said, "it is difficult to solve."

The central bank has proposed that the central bank's foreign exchange reserve management agency, the SAFE, will either directly invest in CIC's shareholders or entrust CIC to manage some of its foreign exchange reserves.

Those proposals have been rejected, CIC is now likely to get new funds from the Treasury, just as the agency was initially injected in 2007, according to people familiar with the matter. China's Ministry of finance is a shareholder of CIC.

After initially investing in western financial institutions, CIC turned to overseas investment that benefited from China's economic boom.

CIC was founded in 2007 and its mission is to invest part of China's foreign exchange reserves in relatively risky overseas assets. At that time, China's total foreign exchange reserves amounted to less than 1 trillion and 500 billion dollars.