China Investment Corp. (CIC), the $ 200 bn sovereign wealth fund, intends to be a socially responsible global investor by shunning industries such as gambling, tobacco and arms manufacturing, the fundâ??s president said on Friday.
Chinaâ??s State Administration of Foreign Exchange (Safe) has reportedly agreed to invest more than $2.5bn in the latest TPG fund, in what could be the largest commitment ever made to a private equity firm.