China Investment Corporation (CIC), the country’s sovereign fund, seeks to raise alternative online stock investments in the United States due to the low return on the public markets – said its chairman Ding Xuedong.
CIC will encourage investment in the funds, as well as do a lot of direct investment in the world’s largest economy – said Ding Xuedong at the Asian Financial Forum in Hong Kong.
We hope to increase our alternative online stock investments in the United States, which is a common trend among major global institutional investors to cope with low or even negative interest rate, which is obtained at public auction, – he said.
Ding Xuedong, who is also chairman of the investment bank China International Capital Corporation, said that CIC may also consider investments in US infrastructure projects and manufacturing industries. It is expected that the industry will benefit from President Donald Trump’s policy.
According to our estimates, the United States needs at least $8 trillion of investment in infrastructure. There is not enough investment from the US government or the private sector. This area should be based on foreign investment, – he said.
By the way, Chinese companies have announced that foreign acquisitions were the highest in 2016. But the number of transactions can be reduced, because buyers are faced with obstacles from state regulators of the United States and other Western countries.