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Source: Reuters

China to give its sovereign fund more cash -official

Published: 11 Jan 2010 19:14:46 PST

BEIJING, Jan 12 - The Chinese government will probably give the country's sovereign wealth fund more money to manage, but the size of the capital injection is unclear, Peng Junming, an official in the fund's asset allocation department, said on Tuesday.

There have been local media reports that the $300 billion China Investment Corp might be in line to receive as much as an additional $200 billion from the country's massive pot of foreign exchange reserves.

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