The Forex trading investment business of China's central government, China Investment Company Limited, is planning on starting operations sometime this week, according to China Securities Journal.
News sources in China also mentioned that a group of upper management associates from the company has also been created. This includes Hu Zuliu, who is the general manager of Goldman Sachs Group Limited.
Zuliu, who was not able to solidify the word that he was planning on joining the company, mentioned to media sources that professional, commercial and independent business is vital to the creation of the new company. China Investment Company Ltd should be dedicated to investing in the portfolios worldwide, which includes bonds, stocks, commodity futures, as well as other assets.
The country (China) should begin to set a feasible, practical projection for the return rate on investments. The goal should not be too ambitious, considering that the human resources and risk management are not set in stone yet, according to Zuliu.
Hu Zuliu made a prediction that the whole investment group might need to have one hundred to two hundred investment experts and roughly one thousand employees.
The forex reserve of China had reached 1.33 trillion U.S. dollars at the end of June.
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