Optimal Scale and Asset Allocation for Sovereign Wealth Funds: China’s Case

Yueyan Zhang and Xianhua Wei

Chapter 11 in Central Bank Reserves and Sovereign Wealth Management, 2010, pp 285-308 from Palgrave Macmillan

Abstract: Abstract Sovereign wealth funds (SWFs) have been discussed more and more frequently and internationally nowadays. However, there is yet no clear definition of an SWF. Some well-recognized aspects of SWFs are listed as follows: sovereign wealth, in contrast with private wealth, is public wealth, generally in the form of a foreign currency and typically composed of governmental earnings from specific taxes, budget distribution, incomes from natural resources, surplus of international payments or other means. An SWF is different from a traditional government pension fund. It is also different from those government organizations that simply hold reserved assets in order to keep the value of currency stable. An SWF is a brand new investment institution with distinct professional and market characteristics.

Keywords: Central Bank; Foreign Exchange; Hedge Fund; Risky Asset; Asset Allocation (search for similar items in EconPapers)
Date: 2010
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-25081-9_11

Ordering information: This item can be ordered from
http://www.palgrave.com/9780230250819

DOI: 10.1057/9780230250819_11

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().