SWF Radar

ChinaStakes.com reports that, “The China Investment Corporation (CIC) is unique among sovereign wealth funds in that its initial capital came not from fiscal surplus, but from special government bonds. It is now having trouble paying back the huge interest for these bonds. ‘Regarding the $800 billion fund, the company needs to earn 300 million Yuan every working day,’ said CIC Chairman Lou Jiwei. February 29th [2008] was supposed to be the first interest payment day for the initial special government bonds… However, the CIC still hasn't paid the interest.”