[lbo-talk] China asks for fair treatment of wealth funds: official

uvj at vsnl.com uvj at vsnl.com
Wed Jan 9 16:50:44 PST 2008


Reuters.com

China asks for fair treatment of wealth funds: official http://www.reuters.com/article/worldNews/idUSPEK20974420080107?sp=true

Mon Jan 7, 2008

BEIJING (Reuters) - Rich nations should not discriminate against sovereign wealth funds from the developing world and must guard against protectionist sentiment, a senior Chinese official said in remarks published on Monday.

Sovereign wealth funds are a key source of global liquidity, which can help alleviate the current credit crunch, and their longer-term investment strategies help iron out market fluctuations, Wei Benhua, a senior official with China's currency regulator, wrote in the China Business News.

http://www.reuters.com/article/worldNews/idUSPEK20974420080107?sp=true



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