China Investment Corp. (CIC), China's sovereign wealth fund with $300 billion in assets, plans to move managing director Winston Ma to Canada to support its investment bids for natural resources assets, as reported by Bloomberg News.
Mr. Ma's assignment in Canada is expected to help the CIC to collect more information on the ground from Canada, where natural resources from commodities to water are becoming increasingly popular among global bidders. He will conduct an initial investment analysis and evaluation if necessary.