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Would China's Sovereign Wealth Fund Be a Menace to the USA?

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  • Friedrich Wu
  • Arifin Seah

Abstract

The sovereign wealth club acquired a new member with the official launch of the China Investment Corporation (CIC) on 29 September 2007. The arrival of CIC has further heated up debate regarding sovereign wealth funds (SWFs) and their potential implications for global financial markets. This is because, in carrying out its investments, CIC can tap into China's huge official foreign exchange reserves, which by April 2008 had surged to US$1.76tn. CIC's initial working capital of US$200bn makes it the fifth largest SWF in the world today. This article seeks to analyze CIC's investment strategies, as well as their potential economic and political implications for global as well as US financial markets.

Suggested Citation

  • Friedrich Wu & Arifin Seah, 2008. "Would China's Sovereign Wealth Fund Be a Menace to the USA?," China & World Economy, Institute of World Economics and Politics, Chinese Academy of Social Sciences, vol. 16(4), pages 33-47, July.
    • Handle: RePEc:bla:chinae:v:16:y:2008:i:4:p:33-47
    DOI: 10.1111/j.1749-124X.2008.00120.x
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    Cited by:

    1. Balestra, Anna & Caruso, Raul & Di Domizio, Marco, 2024. "What explains the size of Sovereign Wealth Funds? A panel analysis (2008–2018)," Finance Research Letters, Elsevier, vol. 62(PB).
    2. Salman Bahoo & M. Kabir Hassan & Andrea Paltrinieri & Ashraf Khan, 2019. "A model of the Islamic sovereign wealth fund," Islamic Economic Studies, Emerald Group Publishing Limited, vol. 27(1), pages 2-22, August.
    3. Bahoo, Salman & Alon, Ilan & Paltrinieri, Andrea, 2020. "Sovereign wealth funds: Past, present and future," International Review of Financial Analysis, Elsevier, vol. 67(C).

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