Chinese SWF Promises Transparency

John Thornhill, Financial Times | June 6, 2008

Europeans and the United States fear that CIC - owned by the Chinese government -, turns into a political tool enabling investment decisions to be based on political motives. ++ The head of the Chinese sovereign wealth fund says they are trying to reach international transparency standards. ++ Mr. Gao also said OECD countries were continually urging China to invest abroad but then grew suspicious when it did so. ++ Norway's finance minister proves Goa wrong. ++ Norway's fund regularly publishes financial and ethical reasoning.