Date
18 August 2017

CIC mulls North America headquarters shift to NY, report says

China Investment Corp. (CIC) is said to be considering relocating its North America headquarters to New York from Toronto, a move that suggests that the sovereign wealth fund is upbeat on the US economic recovery prospects and also that its investments in the energy and natural resources sectors in Canada may not be yielding stable returns, news portal Sina.com reported Tuesday, citing sources close to the authority. The relocation proposal was first brought up at a CIC management meeting in September, but chairman Ding Xuedong is yet to make a final decision, the sources said.

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EL/AC/RC

 

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