(Reuters) - The embryonic agency has already spent $3 billion on a 10
percent stake in Blackstone, a U.S. private equity group, as
part of a drive by Beijing to earn higher returns by making
riskier investments.
Lawmakers started to review a proposal that would authorize
the Ministry of Finance to issue 1.55 trillion yuan in special treasury bonds to buy foreign exchange to
fund the start-up of the agency, Xinhua news agency reported.
Read more at Reuters.com Bonds News
percent stake in Blackstone, a U.S. private equity group, as
part of a drive by Beijing to earn higher returns by making
riskier investments.
Lawmakers started to review a proposal that would authorize
the Ministry of Finance to issue 1.55 trillion yuan in special treasury bonds to buy foreign exchange to
fund the start-up of the agency, Xinhua news agency reported.
Read more at Reuters.com Bonds News
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