China's sovereign wealth fund, now 30 months old, over the weekend invited many of the world's top money managers to a conference on the resort island of Hainan in a sign of growing Chinese confidence in finance.
The two-day conference, chaired by Lou Jiwei, head of China Investment Corp, seemed to have no overt agenda other than to celebrate CIC's performance, some participants said.
One participant said the conference was to inform people that CIC was not “nervous about private capital”.
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