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Reply #37: Stocks in Europe Advance as China Plans $300 Billion Investment Vehicle [View All]

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Ghost Dog Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-09-11 11:18 AM
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37. Stocks in Europe Advance as China Plans $300 Billion Investment Vehicle
European stocks climbed, trimming a weekly decline for the Stoxx Europe 600 Index, after a report said Chinas central bank plans to set up $300 billion of funds to invest overseas.

... The Stoxx 600 jumped as much as 1.4 percent after Reuters reported China will create a new investment vehicle to improve returns on its foreign-exchange reserves. The vehicle will operate one fund targeting investment in the U.S. and another focused on Europe, Reuters reported, citing an unidentified person with knowledge of the matter.


So, is this just an 'convenient' rumor or some of the plan revealed? Put about by whom?

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