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China’s sovereign wealth fund to hold first council meeting in HK


China Investment Corp (CIC), the country's USD1.35tr sovereign wealth fund, is reportedly planning to hold its International Advisory Council meeting in Hong Kong later this year, marking the first time the council will convene outside mainland China since its creation 14 years ago. According to sources cited by the SCMP, the meeting is expected to take place in the second half of the year, with 12 current members including former Governor of the People's Bank of China Zhou Xiaochuan and former Goldman Sachs chairman John Thornton, among others. Participants are expected to share geopolitical and macroeconomic insights and analyse global market conditions. The council meeting has reportedly received the support of the Hong Kong and Macau Affairs Office (HKMAO), which will help with liaising with other ministries. CIC is also said to be planning to hold its global investment forum in Hong Kong, a significant event for the investment industry. CIC did not provide comment on the matter.


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