CIC to set up Toronto bureau
By Kang Xize and Don Durfee | China Daily | Updated: 2011-01-20 07:58
BEIJING - China Investment Corp (CIC), the country's sovereign wealth fund, plans to open a Toronto office, its second outside the Chinese mainland, a source with direct knowledge of the matter said on Wednesday.
CIC, with $300 billion under management, plans to announce the new representative office on Friday, said the source, who declined to be named.
A separate source familiar with the plan said CIC will hold an opening ceremony in Toronto later this week.
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