Sovereign Funds : : How the Communist Party of China Finances Its Global Ambitions / / Zongyuan Zoe Liu.
The first in-depth account of the sudden growth of China’s sovereign wealth funds and their transformative impact on global markets, domestic and multinational businesses, and international politics.One of the keys to China’s global rise has been its strategy of deploying sovereign wealth on behalf...
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Place / Publishing House: | Cambridge, MA : : Harvard University Press, , [2023] ©2023 |
Year of Publication: | 2023 |
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Liu, Zongyuan Zoe, author. aut http://id.loc.gov/vocabulary/relators/aut Sovereign Funds : How the Communist Party of China Finances Its Global Ambitions / Zongyuan Zoe Liu. Cambridge, MA : Harvard University Press, [2023] ©2023 1 online resource (272 p.) text txt rdacontent computer c rdamedia online resource cr rdacarrier text file PDF rda Frontmatter -- Contents -- Introduction -- 1. China’s Evolving Perspectives on Foreign Exchange Reserves -- 2. Central Huijin -- 3. China Investment Corporation -- 4. State Administration of Foreign Exchange -- 5. Sovereign Funds in a Changing Global Geoeconomic Landscape -- Notes -- Acknowledgments -- Index restricted access http://purl.org/coar/access_right/c_16ec online access with authorization star The first in-depth account of the sudden growth of China’s sovereign wealth funds and their transformative impact on global markets, domestic and multinational businesses, and international politics.One of the keys to China’s global rise has been its strategy of deploying sovereign wealth on behalf of state power. Since President Xi Jinping took office in 2013, China has doubled down on financial statecraft, making shrewd investments with the sovereign funds it has built up by leveraging its foreign exchange reserves. Sovereign Funds tells the story of how the Communist Party of China (CPC) became a global financier of surpassing ambition.Zongyuan Zoe Liu offers a comprehensive and up-to-date analysis of the evolution of China’s sovereign funds, including the China Investment Corporation, the State Administration of Foreign Exchange, and Central Huijin Investment. Liu shows how these institutions have become mechanisms not only for transforming low-reward foreign exchange reserves into investment capital but also for power projection. Sovereign funds are essential drivers of the national interest, shaping global markets, advancing the historic Belt and Road Initiative, and funneling state assets into strategic industries such as semiconductors, fintech, and artificial intelligence. In the era of President Xi, state-owned financial institutions have become gatekeepers of the Chinese economy. Political and personal relationships with prestigious sovereign funds have enabled Blackstone to flourish in China and have fueled the ascendance of private tech giants such as Alibaba, Ant Finance, and Didi.As Liu makes clear, sovereign funds are not just for oil exporters. The CPC is a leader in both foreign exchange reserves investment and economic statecraft, using state capital to encourage domestic economic activity and create spheres of influence worldwide. Mode of access: Internet via World Wide Web. In English. Description based on online resource; title from PDF title page (publisher's Web site, viewed 08. Aug 2023) BUSINESS & ECONOMICS / Development / Economic Development. bisacsh bonds. commodity. covid 19. elites. equity. going out policy. hong kong. opening up. pboc. peoples bank. renminbi. russia. security. silk road fund. state council. stocks. united states. zhou xiaochuan. zhu rongji. Title is part of eBook package: De Gruyter EBOOK PACKAGE Business and Economics 2023 English 9783111319070 Title is part of eBook package: De Gruyter EBOOK PACKAGE COMPLETE 2023 English 9783111319292 Title is part of eBook package: De Gruyter EBOOK PACKAGE COMPLETE 2023 9783111318912 ZDB-23-DGG Title is part of eBook package: De Gruyter EBOOK PACKAGE Economics 2023 9783111318134 ZDB-23-DBV Title is part of eBook package: De Gruyter Harvard University Press Complete eBook-Package 2023 9783110749700 print 9780674271913 https://doi.org/10.4159/9780674293397?locatt=mode:legacy https://www.degruyter.com/isbn/9780674293397 Cover https://www.degruyter.com/document/cover/isbn/9780674293397/original |
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English |
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Liu, Zongyuan Zoe, Liu, Zongyuan Zoe, |
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Liu, Zongyuan Zoe, Liu, Zongyuan Zoe, Sovereign Funds : How the Communist Party of China Finances Its Global Ambitions / Frontmatter -- Contents -- Introduction -- 1. China’s Evolving Perspectives on Foreign Exchange Reserves -- 2. Central Huijin -- 3. China Investment Corporation -- 4. State Administration of Foreign Exchange -- 5. Sovereign Funds in a Changing Global Geoeconomic Landscape -- Notes -- Acknowledgments -- Index |
author_facet |
Liu, Zongyuan Zoe, Liu, Zongyuan Zoe, |
author_variant |
z z l zz zzl z z l zz zzl |
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VerfasserIn VerfasserIn |
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Liu, Zongyuan Zoe, |
title |
Sovereign Funds : How the Communist Party of China Finances Its Global Ambitions / |
title_sub |
How the Communist Party of China Finances Its Global Ambitions / |
title_full |
Sovereign Funds : How the Communist Party of China Finances Its Global Ambitions / Zongyuan Zoe Liu. |
title_fullStr |
Sovereign Funds : How the Communist Party of China Finances Its Global Ambitions / Zongyuan Zoe Liu. |
title_full_unstemmed |
Sovereign Funds : How the Communist Party of China Finances Its Global Ambitions / Zongyuan Zoe Liu. |
title_auth |
Sovereign Funds : How the Communist Party of China Finances Its Global Ambitions / |
title_alt |
Frontmatter -- Contents -- Introduction -- 1. China’s Evolving Perspectives on Foreign Exchange Reserves -- 2. Central Huijin -- 3. China Investment Corporation -- 4. State Administration of Foreign Exchange -- 5. Sovereign Funds in a Changing Global Geoeconomic Landscape -- Notes -- Acknowledgments -- Index |
title_new |
Sovereign Funds : |
title_sort |
sovereign funds : how the communist party of china finances its global ambitions / |
publisher |
Harvard University Press, |
publishDate |
2023 |
physical |
1 online resource (272 p.) |
contents |
Frontmatter -- Contents -- Introduction -- 1. China’s Evolving Perspectives on Foreign Exchange Reserves -- 2. Central Huijin -- 3. China Investment Corporation -- 4. State Administration of Foreign Exchange -- 5. Sovereign Funds in a Changing Global Geoeconomic Landscape -- Notes -- Acknowledgments -- Index |
isbn |
9780674293397 9783111319070 9783111319292 9783111318912 9783111318134 9783110749700 9780674271913 |
url |
https://doi.org/10.4159/9780674293397?locatt=mode:legacy https://www.degruyter.com/isbn/9780674293397 https://www.degruyter.com/document/cover/isbn/9780674293397/original |
illustrated |
Not Illustrated |
dewey-hundreds |
300 - Social sciences |
dewey-tens |
330 - Economics |
dewey-ones |
332 - Financial economics |
dewey-full |
332.450951 |
dewey-sort |
3332.450951 |
dewey-raw |
332.450951 |
dewey-search |
332.450951 |
doi_str_mv |
10.4159/9780674293397?locatt=mode:legacy |
work_keys_str_mv |
AT liuzongyuanzoe sovereignfundshowthecommunistpartyofchinafinancesitsglobalambitions |
status_str |
n |
ids_txt_mv |
(DE-B1597)642338 |
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cr |
hierarchy_parent_title |
Title is part of eBook package: De Gruyter EBOOK PACKAGE Business and Economics 2023 English Title is part of eBook package: De Gruyter EBOOK PACKAGE COMPLETE 2023 English Title is part of eBook package: De Gruyter EBOOK PACKAGE COMPLETE 2023 Title is part of eBook package: De Gruyter EBOOK PACKAGE Economics 2023 Title is part of eBook package: De Gruyter Harvard University Press Complete eBook-Package 2023 |
is_hierarchy_title |
Sovereign Funds : How the Communist Party of China Finances Its Global Ambitions / |
container_title |
Title is part of eBook package: De Gruyter EBOOK PACKAGE Business and Economics 2023 English |
_version_ |
1775793045274361856 |
fullrecord |
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