China will begin to invest Chinese capital in all foreign markets, except those that make settlement in Chinese currency, said Lou Jiwei, chairman of China Investment Corporation (CIC) at a press conference during this week's National Party Congress, state media reported. The state-run sovereign investment fund was established in September to earn better returns on China's US$1.43 trillion in foreign exchange reserves. Lou said the fund plans to collaborate with foreign corporations and financial institutions in order to expand its current US$1.43 trillion in foreign exchange reserves.
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