Bitcoin price today: falls to 2-week low below $113k ahead of Fed Jackson Hole
Investing.com -- China Investment Corp., the sovereign wealth fund of China, is planning to decrease its investments in the US private markets. This decision comes as a measure to mitigate risks amidst the intensifying trade conflict between the US and China, which could potentially jeopardize its investments, according to a report from Bloomberg, citing sources with knowledgeable about the situation.
Based in Beijing, the fund, valued at $1.3 trillion, intends to cut down on its holdings in US private assets. These assets could encompass real estate, infrastructure and private equity. The company has already initiated the process of finding buyers for approximately $1 billion in private equity investments managed by US firms, the sources revealed.
The company did not respond to an emailed request for a comment. Previous reports indicated that the plan to sell private equity investments involved funds managed by eight managers, which included Carlyle Group (NASDAQ:CG) Inc. and Blackstone (NYSE:BX) Inc.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.