The National People's Congress is a
sovereign organ.
是最高权力机关。
It is a
sovereign republic.
它是一个主权共和国。
There is no
sovereign remedy for Covid-19.
新冠肺炎还没有特效药。
"QIA is the sovereign wealth fund of the State of Qatar.
“QIA是卡塔尔国的主权财富基金。
It is among the largest and most active sovereign wealth funds globally.
它是全球最大、最活跃的主权财富基金之一。
"It is important to note that even with the recent economic challenges, our growth outlook for China remains quite strong compared to its rating peers," said Jeremy Zook, director of Asia-Pacific Sovereign Ratings at Fitch Ratings, at "Fitch on China conference" held in Shanghai late last month.
惠誉评级亚太主权评级主管Jeremy Zook在上月末于上海举行的“惠誉中国会议”上表示：“值得注意的是，即使面临最近的经济挑战，与评级同行相比，我们对中国的增长前景仍然相当强劲。”。
"The integral role China plays in global supply chains will likely remain a supporting factor for the sovereign rating, along with broader external finance strengths from high foreign exchange reserves and a strong external creditor position," Zook said.
Zook表示：“中国在全球供应链中发挥的不可或缺的作用，以及高外汇储备和强大的外部债权人地位带来的更广泛的外部融资优势，很可能仍然是主权评级的支撑因素。”。
The company is backed by large investors including Abu Dhabi sovereign wealth fund Mubadala, venture capital group Sequoia China and private equity group General Atlantic.
该公司得到了包括阿布扎比主权财富基金穆巴达拉、风险投资集团红杉中国和私募股权集团通用大西洋在内的大型投资者的支持。
In 2010, it was sold to Qatar Holding, the sovereign wealth fund of the Qatari royal family, for a reported $2.2 billion.
2010年，它以22亿美元的价格出售给卡塔尔王室的主权财富基金卡塔尔控股公司。
"I believe that we are the first AI company received direct investment fund from (sovereign wealth fund) the PIF for establishing a company in Saudi Arabia, it is a recognition to us and makes it more important for us to execute our plans and bring here the best practices from China," said Huang, referring to Saudi Arabia's Public Investment Fund.
“我相信，我们是第一家获得（主权财富基金）PIF直接投资基金在沙特阿拉伯成立公司的人工智能公司，这是对我们的认可，使我们更重要的是执行我们的计划，并将中国的最佳实践带到这里，”黄说，他指的是沙特阿拉伯的公共投资基金。
The eWTPA is a venture fund based in Saudi Arabia and China backed by the sovereign wealth fund of Saudi Arabia -- the Public Investment Fund.
eWTPA是一家总部位于沙特阿拉伯和中国的风险基金，由沙特阿拉伯主权财富基金公共投资基金支持。
China Investment Corporation, China's major sovereign wealth fund, announced on Friday its overseas investments posted a net return of 14.27 percent in US dollar terms last year, and the annualized cumulative 10-year net return reached 8.73 percent in 2021, beating its 10-year performance target by 296 basis points.
中国主要主权财富基金中国投资公司周五宣布，其海外投资去年以美元计算的净回报率为14.27%，2021年10年累计年化净回报率达到8.73%，超过10年业绩目标296个基点。
Several global institutional investors, sovereign wealth funds and healthcare focused investors participated in the private placement transaction, along with all of the existing institutional shareholders of the company.
几家全球机构投资者、主权财富基金和专注于医疗保健的投资者以及该公司的所有现有机构股东参与了此次私募交易。
Sino-Ocean Group plans to cooperate with several global sovereign wealth funds and institutional investors to jointly invest in a core office fund with a total scale of $1.4 billion.
Sovereign credit risk levels are also rising globally, with 32 countries deemed high risk and 83 considered medium-level risks.
Other high-profile investors include Singaporean and Abu Dhabi sovereign wealth funds, the GIC and the Abu Dhabi Investment Authority, as well as large Chinese insurers and mutual funds such as PICC and BOCOM International.
"Investors subscribed to the offering actively, including sovereign wealth funds," she said.
China Investment Corporation, the country's sovereign wealth fund, announced on Friday its 10-year cumulative annualized net return was 6.07 percent, 45 basis points higher than its 10-year performance target.
"With the slowdown in growth for major economies and the rise of protectionism and unilateralism, the environment for outbound investments will become more difficult for sovereign wealth funds like the CIC, whose overseas investments will also face greater legal, compliance and safety risks due to increasing political interference and tighter restrictions, Peng said.
- Chinese tech giant Huawei had built next-generation 5G mobile phone network in Monaco, making the sovereign city-state in the French Rivera the first European country to be fully covered by 5G.
It also formed a joint venture in September with Russia's sovereign wealth fund, telecom company MegaFon and internet firm Mail.
Qian, who was previously chief operating officer for Chinese ride-hailing service Ucar, has other investors in Luckin, including the Singapore sovereign wealth fund GIC Pte Ltd, US money manager Blackrock Inc and Chinese investment firms Joy Capital and Centurium Capital.
Since its inception in June 2017, Luckin stores have quickly expanded to 2,370 in 28 cities across China, with backing from investors including Singapore sovereign wealth fund GIC Pte and China International Capital Corp.
Last year, Luckin Coffee completed its two financing rounds worth $400 billion with investors including Singapore's sovereign wealth fund GIC, Joy Capital and China International Capital Corp Ltd.
Saudi Aramco aims to buy a controlling stake in SABIC, possibly the entire 70 percent owned by the Public Investment Fund - the kingdom's top sovereign wealth fund.
CIC teams up with banking group BNP Paribas, investment company EurazeoChina Investment Corp has partnered with two French financial institutions to launch an investment fund, as part of the sovereign wealth fund's efforts to facilitate closer international cooperation, a top CIC executive said on Friday.
She said this round of financing has involved many international players, including Qatar's sovereign fund Qatar Investment Authority, Hong Kong's All-Stars Investment and the Chinese mainland's Primavera Capital Group.
The types of foreign investors have diversified in the last three to five years, with sovereign wealth funds, central banks, large asset management companies, hedge funds and corporate firms investing in the Chinese bond market, he said.
The company in December completed its series B financing round of $200 million, increasing the coffee-delivery startup's valuation to an estimated $2.2 billion, with investors including Singapore's sovereign wealth fund GIC, Joy Capital and China International Capital.
Investors include Singapore's sovereign wealth fund GIC, Joy Capital and China International Capital Corp Ltd. Liu Erhai, founder and executive partner of Joy Capital, will become a board member of the coffee chain.
In 2016, the Bank of China London Branch was entrusted by the Ministry of Finance of China to issue RMB sovereign bond.
The e-commerce sector of the Southeast Asian region is projected to have a compound annual growth rate of 32 percent between 2017 and 2025, and the market value will exceed $88 billion by 2025, according to a research report by Google and the Singaporean sovereign wealth fund Temasek Holdings.
On Tuesday, Alibaba formed a joint venture with Russia's sovereign wealth fund, telecom company MegaFon and internet firm Mail.
Haidilao is expected to choose an international long-term fund, a sovereign fund and a large China-invested fund to be its cornerstone investors.
A consortium is responsible for the funding, led by Singaporean sovereign investment fund Temasek Holdings Private Ltd, Japan's SoftBank Group Corp, the Saudi-backed SoftBank Vision Fund, United States-based venture capital firm Trustbridge Partners and Chinese private equity firm Hony Capital.
Pinduoduo said earlier Thursday that its flotation was oversubscribed 20-fold by investors, including Fidelity Investments and the sovereign fund of Abu Dhabi.
The company said earlier Thursday that its flotation was oversubscribed by 20-fold from investors including Fidelity Investments and the sovereign funds of Abu Dhabi.
The fund, called Cathay Midcap II, was backed by Cathay’s previous cornerstone limited partners China Development Bank and France-based Public Investment Bank (also known as Bpifrance), as well as a mix of sovereign funds, institutional investors and family offices.
Investors include Singapore's sovereign wealth fund GIC and Legend Capital.
Investors in the fundraising round included Singapore sovereign wealth fund GIC and Legend Capital under Legend Holdings, Luckin Coffee said.
Prior to Li's investment, Kuwait's sovereign wealth fund, which has been an investor in Daimler for decades, was the largest stakeholder in the Stuttgart-based automaker with a 6.8 percent holding.
Among the potential bidders is a consortium being formed by Shenzhen-listed Sinocare Inc, which develops and manufactures blood sugar monitoring systems, and China Jianyin Investment Ltd (JIC), a unit of sovereign wealth fund China Investment Corp.
Kirill Dmitriev is CEO of the Russian Direct Investment Fund, Russia's sovereign wealth fund with reserved capital of $10 billion under management.
"Sovereign fund has a lot of opportunities to invest in technology companies such as China's car-hailing service provider Didi, which we have invested in.
China Investment Corp. [Photo by Wu Changqing/For China Daily]China Investment Corporation, the world's second-largest sovereign wealth fund, is ready to target more overseas alternative assets and direct investment in the next decade, as its strategy shifts amid tightening global liquidity.
This is an indication that, after 10 years of operation, the nation's sovereign wealth fund is altering its investment strategy.
Its total assets rose to $813.51 billion, nearly triple when it was founded in 2007, marking it the world's second-largest following Norway's Sovereign Wealth Fund of more than $1 trillion.
China's sovereign wealth fund pledged to its stakeholders in the annual report that it is well positioned to withstand short-term market volatility as a long-term investor.
HNA Group has also completed the acquisition of a 16.2 percent stake in Swiss airport retailer Dufry AG from Singaporean sovereign wealth funds GIC and Temasek Holdings in August.
Chinese conglomerate HNA Group has completed the acquisition of a 16.2 percent stake in Swiss airport retailer Dufry AG from Singaporean sovereign funds GIC and Temasek, Dufry and HNA said on Monday.
Singapore Investment Corporation (GIC), Singapore's sovereign wealth fund and the largest single shareholder of GLP with a 36.84-percent stake in the company, has provided an irrevocable undertaking to Nesta Investment to "vote in favor of the scheme" in respect to its shareholding interest, said the joint statement.
Logistics properties have become increasingly attractive to sovereign wealth and pension funds after the growth of internet shopping boosted demand from occupiers.
"According to Jacobelli, Australian energy markets remain open, the country has low sovereign risk and Chinese companies are also increasingly familiar with it.
An investment consortium led by sovereign wealth fund China Investment Corp has acquired a majority stake in a natural gas pipeline unit from Brazil's state oil company Petrobras SA.
Analysts said that the deal showed the desire of the sovereign wealth fund to diversify its investment portfolios by acquiring overseas resources and infrastructure assets.
Li Li, energy research director at ICIS China, a consulting company that provides analysis of China's energy market, said the Brazilian gas deal underscored the continued trend of the sovereign wealth fund seeking alternative investment opportunities.
According to the commission, China has unveiled the first batch of nearly 2,900 projects, using funds raised through the additional 1 trillion yuan ($140 billion) worth of sovereign bonds, which were announced in October for issue in the fourth quarter.
China has released a budget for the first batch of projects to use funds raised through the additional 1 trillion yuan ($141 billion) of the sovereign bonds, which were announced in October to be issued in the fourth quarter, China Daily has learned from the Ministry of Finance.
- China's sovereign financing in Africa has lent steam to economic growth, foreign investment inflows and job creation in African countries, according to recent research.
Imbalances in Western funding, and not BRI, major cause of debt troublesA new study has disclosed that "China's sovereign financing in Africa" is mostly development-oriented and covers infrastructure, and has been bringing solid benefits and prosperity to many African countries.
"A study on the effectiveness of China's sovereign financing in Africa" — by the Institute of New Structural Economics at Peking University — is backed by ample case studies and data-based analyses.
Citing data from the International Debt Statistics released by the World Bank in 2022, the Peking University study said that as of 2021, the largest source of external debt for African sovereign financing is multilateral institutions, accounting for 33 percent.
CIC is one of the world's largest sovereign wealth funds, with net assets reaching $1.17 trillion.
The powerful sovereign wealth funds of many Asian countries can make important contributions to medium and long-term investments in the region," he said.
Christine Zhang is executive director of sovereign rating and overseas business at CCXI, a Chinese credit rating agency, while Zhang Jingxin and Yu Jia are senior analysts in the same department.
Speaking on Europe's strategic autonomy, Dagdelen stressed that the prerequisite for an autonomous and sovereign European foreign and security policy -- and economic policy -- would be emancipation from US imperialism and NATO's policy of confrontation.
The spokesperson said that China firmly opposes countries with which it has diplomatic relations conducting any form of official exchange with Taiwan, including the negotiation and signature of economic and trade agreements that have sovereign implications or are official in nature.
The Public Investment Fund, Saudi Arabia's sovereign wealth fund, has been investing more extensively in China in sectors other than petrochemicals.
The PIF applied for a qualified foreign institutional investor license in late 2021, which indicates that the sovereign wealth fund will directly invest in China.
Now one-third of emerging economies and 60 percent of low-income countries are in, or at high risk of, debt distress, and there will be a coming wave of sovereign defaults by developing countries.
Under the current international rating system led by Western rating agencies, the relatively low sovereign ratings of emerging economies have affected the ratings of corporate bond issuers from the BRICS countries.
The Russian-Ukrainian conflict has been raging for more than 50 days, continuously raising concerns about the risk of Russia's sovereign debt default, which would impact the internal and external environment of China's economy.
Default risks exist, but should be deemed differentlyThe financial sanctions imposed by many Western economies have led to a sharp rise in the risk facing Russia's sovereign debt, which is under pressure to default.
After Russian President Vladimir Putin signed a presidential decree in early March, announcing that rubles would be used to repay foreign currency debts of "unfriendly countries", the Russian sovereign CDS index showed the probability of sovereign debt default had risen to 80 percent, reflecting the broad concern about the possibility of a default.
In addition, the sanctions have increased the risk of Russia failing to meet external repayment obligations, which may also result in more risks of a Russian sovereign debt default.
Meanwhile, Western countries' sanctions, together with the countermeasures by the Russian authorities, have restricted the payment channels of foreign currency debts, creating "human-factor default risks" for the repayment of Russia's sovereign and corporate debts.
Truly, be it directly or indirectly, the conflict is leading to risks of sovereign debt default in Russia, but there are some certain particularities on this issue.
Second, from the perspective of the scale and maturity structure of Russia's sovereign debt, the short-term repayment pressure of its sovereign debt is relatively controllable.
So far as we know, though Russia's ability to repay its foreign debt has been weakened, the country still has the ability and willingness to repay its sovereign foreign debt.
Given previous experiences gained at CIC－currently the second-largest sovereign wealth fund in the world with assets and offices worldwide－Tu said mandating ESG information disclosure will be an inescapable move toward China's high-quality growth and higher-level opening-up, which are two consistent major goals China has set for its development in recent years.
This is what we found in our ninth annual Global Sovereign Asset Management Study.
The study detailed the views of 141 chief investment officers, heads of asset classes and senior portfolio strategists at 82 sovereign wealth funds and 59 central banks, who together manage $19 trillion in assets.
One Asia-Pacific investment sovereign said they "have been investing in private equity opportunities in China since 2016 and returns have almost been as phenomenal as the growth in the volume of capital being deployed to Chinese private equity itself".
Favorable consumer themes such as an emerging middle-income group and a highly digitalized economy only strengthen sovereign appetite for allocations to China.
We believe China sovereign bonds are likely to be a key asset class for sovereigns and central banks going forward, especially with these bonds included in major global indexes and as initiatives such as the bond connect between the Chinese mainland and Hong Kong have made cross-border trading more accessible and efficient.
China's rise as an economic and political superpower has inevitably influenced sovereign allocation decisions.
As one North American liability sovereign explained, "there is no way you can ignore this market.
As another North American sovereign explained, "We will make the most of these investment decisions internally and will look more closely at the opportunities there.
"Protectionism, unilateralism, unfair economic sanctions on other countries, trade tariff barriers, and using trade as a weapon to intimidate or to subjugate sovereign states in the name of democracy and human rights are all malpractices," the professor said.
Fitch and other international rating agencies have lowered the sovereign credit ratings of African countries one after another.
African countries' sovereign bonds are struggling to find buyers, and foreign direct investment has shrunk by a quarter so far.
Some countries' sovereign rating is about to drop, which will increase the pressure on debt sustainability," said Zou.
"Needed fiscal spending and the output collapse have driven global sovereign debt levels to a record 100 percent of global gross domestic product (GDP), according to IMF data.
Third, Chinese finance has leveraged, or "crowded in", more private funds, including from the international bond market, from FDI, sovereign wealth funds and other equity investors for development.
First, it views the sovereign debt risk from the perspective of development.
He explained how the digital economy is becoming the real economy and discussed the importance of digital assets and citizens' sovereign identity.
The overseas investment of China's sovereign wealth fund achieved an annualized cumulative net return of 6.6 percent from 2010 to 2019, beating its 10-year performance target by 92 basis points, China Investment Corp said on Friday.
One example is the high-profile sale of LG Twin Towers to Singaporean sovereign wealth fund GIC for about 8 billion yuan.
With capital flow controls expected, 58 percent of respondents were inclined to raise money in the domestic market, while 33 percent will look for sovereign debt as the major source of funding, added the survey that polled fund managers, developers, SOEs, banks and insurers, and private investors both in China and overseas.
Other investors included GIC, Singapore's sovereign wealth fund, Joy Capital, Morningside Ventures, and Capital Today.
“As the world’s largest inter-governmental organization exclusive to sovereign nations, the United Nations is committed to promoting cooperation among countries in international law, international security, economic development, social progress, and world peace,” Cao Kailong, director of the Bureau of Grape Industry Development in Ningxia said at an evening reception.
Meanwhile, the province signed an agreement with Mapletree Investments Pte Ltd, a sub-affiliate of Singaporean sovereign investment fund Temasek Holdings Private Ltd, to build a comprehensive logistics industrial park in Chengmai county.
Last week, the Public Investment Fund, which is Saudi Arabia's sovereign fund, and Hyundai signed an agreement to build a plant in the country.