9/11/10

China Investment Corporation has received back all the money invested in the American fund "The Reserve Primary Fund"

China Investment Corporation / CIC / announced September 10 that as of July this year, the company managed to recover all monies invested by it in the oldest American Foundation "The Reserve Primary Fund".

In April and May 2008, the CIC, according to management needs cash in two installments invested a total of 5.3 billion U.S. dollars in the world's first money market fund "The Primary Fund" managed by "The Reserve". In September 2008, due to bank failure "Lemen Brothers" under the influence of financial crisis, the fund was forced to cancel the promissory notes and bonds, "Lemen Brothers, which he owned, and thus to announce liquidation of the fund.

In the CIC noted that even before the announcement of the elimination of the fund company filed an application for redemption of investment units. KMC with keen interest the developments and about this repeatedly conducted contacts with U.S. governmental control bodies as the Ministry of Finance and the Committee on the Control of securities. Since October 2008, "The Primary Fund" in seven receptions returned CICs all invested funds

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