Chinese sovereign wealth fund reduces its investments in American assets

Informed sources said that the Chinese Investment Corporation (the sovereign wealth fund) of the value of its assets of 1.3 trillion dollars, reduced its investments in the American private assets, to reduce the risk of the escalation of the trade war between Washington and Beijing over its investments.
The Bloomberg News Agency reported the institution’s intention to reduce its private investment portfolio, which may include real estate assets and infrastructure projects, as well as securities for private institutions.

Pressure on American assets

The sources said that the company has already started searching for buyers of private papers managed by American companies worth one billion dollars.
The Chinese Wealth Fund joins the endowment funds, including the Harvard University Fund, in seeking to reduce its possessions of non -liquid American assets, which increases the pressure on American assets, while the world’s largest economy faces increasing recession.
Bloomberg indicated that the Chinese Investment Corporation did not respond to the request to comment on these news, while news reports stated that it has been planning to sell special securities in investment funds run by 8 companies, including Carlyle Group and Blackstone.