China plans to build the state foreign exchange investment
company in 2007, Shanghai Securities News reported on
Monday.
Zhou Xiaochuan, governor of the People's Bank of China, the
central bank, has confirmed that Lou Jiwei is heading the
preparatory leading group for the establishment of the company, the
newspaper reported.
Lou was appointed by the State Council as its Deputy
Secretary-General, a position with ministerial status earlier this
month, from the position as vice-minister of finance.
The investment company will launch US$200 billion to 250 billion
of RMB-nominated bonds upon its first issuance for the strategic
investment of energy enterprises like CNOOC, according to the
report.
(Xinhua News Agency March 12, 2007)