China’s Auditor Says Sovereign Fund Mismanaged Assets – ValueWalk Premium

China’s Auditor Says Sovereign Fund Mismanaged Assets

The National Audit Office blamed China Investment Corporation, the country’s $575 billion sovereign wealth fund, for some of its investments leading to losses.

The country’s top auditor did not, however, specify the size of the loss.
Investment losses could widen
According to results of an audit conducted last year by the National Audit . . .

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