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- Title
Sovereign funds: how the Communist Party of China finances its global ambitions.
- Authors
Wang, Hongying
- Abstract
This article discusses Chinese sovereign funds, which have become some of the largest in the world in the past two decades. The author provides a scholarly investigation of these funds, examining their capitalization and money flows. The article explains how the Communist Party of China (CPC) uses these funds to support domestic economic development and financial stability, as well as to pursue geopolitical goals abroad. The author argues that Chinese sovereign funds are market actors funded by the state, allowing the government to shape the market without coercion. However, the article also acknowledges that the success of these funds has led to backlash and questions their future utility.
- Subjects
CHINESE Communist Party; SOVEREIGN wealth funds; COMMUNIST parties; FINANCIAL leverage; FINANCIAL engineering; STOCKBROKERS
- Publication
International Affairs, 2024, Vol 100, Issue 2, p882
- ISSN
0020-5850
- Publication type
Article
- DOI
10.1093/ia/iiae027