Sovereign wealth fund considers new-capital mechanism revamp

BEIJING - China Investment Corp (CIC), the country's $300 billion sovereign wealth fund (SWF), is considering setting up a mechanism for continued new capital, as the country accumulates foreign exchange reserves, said a senior executive on Thursday.

Jin Liqun, chairman of CIC's supervisory board, denied that the company has already received a new round of capital injection from the government, as some media had reported.

At the third meeting of the International Forum of Sovereign Wealth Funds (IFSWF) held in Beijing, Jin said the precise amount and the method of injection are still under discussion.