China Investment Corporation (CIC), the country’s sovereign wealth fund, has begun talks on setting up its first international office in London, a leading investment agency revealed.

The fund, which has $200 billion at its disposal, is known to have been looking for a base outside China for some time, and has been recently very active in the UK capital.

Michael Charlton, chief executive of Think London, the capital’s inward investment agency, said he was in talks with CIC.

China Daily Business 5 Nov 2009

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