Several Chinese state-backed investors are taking part in Prime Minister Mark Carney’s Canada Investment Summit, another sign of warming relations with Beijing after years of Ottawa publicly spurning money from China.
The Prime Minister’s Office said Monday that, like everyone else, Chinese investors will be subject to federal rules governing foreign investment in this country.
Both China International Capital Corp. (CICC) and China Investment Corp. − China’s sovereign wealth fund − are attending Mr. Carney’s summit. CICC is roughly 40-per-cent owned by Central Huijin Investment, a subsidiary of China Investment Corp.
