CHINESE EXPERIENCE IN THE EFFECTIVE USE OF SOVEREIGN WELFARE FUND


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Abstract

In article the reasons of creation of national welfare funds of China and the direction of investment of their means received as non-oil export earnings are considered. Extent of portfolio diversification by types of tools, the countries and industries of economy as one of basic reasons of efficiency of the performed investments is analyzed. In connection with the developed world economic situation the portfolio return downside risks connected with its structure come to light. Besides, the emphasis is placed on several successful investment projects of the Chinese investment corporation, connected, including, with the Russian issuers.

About the authors

Ruslan Vitalievich Kodachigov

The Ural State University of Economics

Author for correspondence.
Email: kodachigov@usue.ru

Senior Lecturer, Department of World Economy, Ural State University of Economics, Department of World Economy

620219, Yekaterinburg, 8th of March Str., 62

Evgenia Mikhailovna Dudnik

The Ural State University of Economics

Email: jannif@mail.ru

Student of the Institute of Finance and Law, Ural State University of Economics, Department of Financial Markets and Banking

620219, Yekaterinburg, 8th of March Str., 62

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