China fund to start Japan investments by March

Reuters – China Investment Corp, the country’s sovereign wealth fund, will start investing in Japanese equity markets by March, a Japanese newspaper reported on Sunday.

The $200 billion (111 billion pounds) fund is screening Japanese banks at which it holds accounts to settle yen transactions, Japan’s Mainichi Shimbun daily reported.

The paper also said a Chinese government-affiliated think tank had conducted research on how Japanese companies would react if the fund were to build a 20 percent stake in them.

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