On August 18, Wang Jianxi, vice chairman of Central Huijin Investment Company Limited, gave an interview to several members of the media, including China Business News. He spoke about the upcoming State Forex Investment Company (SFIC).

Wang said that generally speaking, the SFIC is adopting a conservative investment strategy, especially at the beginning.

"To improve the investment returns, we will invest in some private equity fund, real estate fund and hedging fund", Wang said. "We are not yet familiar with the overseas market. Therefore, cooperation with top international investment organizations would offer the SFIC many opportunities."

Wang did not think the US's sub-prime loan crises would influence the SFIC's overseas investment. In his opinion the crisis would be over by the time the SFIC starts operation.

In regard to the great fluctuation that Blackstone Group share prices (Blackstone) experienced recently, Wang said Blackstone is an excellent company and second to none in the field of private equity. According to a Citibank report, in the last two decades Blackstone has always managed to overcome gloomy economic cycles. It even raised US$21.7 billion in the depressed market darkened by the sub-prime loan crisis, he added.???

For more?details, please read the full story in Chinese. ( http://www.china-cbn.com/s/n/000002/20070820/000000076335.shtml)

(China.org.cn August 20 2007)

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