CIC intends to take part in Russian privatization targeting energy and finance

China Investment Limited Liability company ("CIC") to participate in Russia's state-owned assets privatization intention was confirmed.　　Morning News China Investment Limited Liability company ("CIC") to participate in Russian state-owned assets privatization intention was confirmed.　　Jianxi Wang As, deputy general manager of CIC, said October 5 in Moscow that as CIC turned its attention to emerging markets, it could buy state-owned assets sold in Russia, with energy, agriculture, finance and electricity being considered. According to Reuters, Jianxi Wang as said, "We want to participate in Russian privatization." "Russia's privatisation", CIC says the market is too regulated in developed countries and investment is skewed towards emerging markets. "CIC is a passive investor who does not seek to play a role in business management," Jianxi Wang as said. "We have no geopolitical or strategic objectives, and we value profits."　　"But Russia needs to ensure a good investment climate and is prepared to protect the interests of minority shareholders." At the end of July this year, the Russian government announced a message to the international economic world: Russia plans to partially privatize 11 "heavyweight" state-owned and state-controlled banks between 2011 and 2013.　　This will be the Soviet Union after the disintegration of the Russian government after another round of large-scale state-owned enterprises privatization process, its size is second only in the 90 's "privatization of securities", some experts have called it "Privatization 2.0 version." According to the Russian Ministry of Economic Development and the Ministry of Finance consultation results, the next 3 years will be partially privatized state-owned enterprises and state-owned banks include: Russian Petroleum AG (ROSNEFT), oil pipeline transportation company, unified power system Federal grid company, Russian hydropower company, modern merchant Shipping AG, Russian Agricultural Bank, Foreign Trade Bank, Savings Bank (Sberbank), Russian agricultural machinery leasing company, Russian wine industry company and United Cereal company.　　The list will also require approval by the Russian government and the president, which is expected to be privatized until November this year. According to Russian media reports, after the reform, the Russian government will still have a unified power system Federal grid company, oil pipeline transportation Company, modern merchant shipping company each 75% of the equity, the other 8 state-owned enterprises and banks, the government's shareholding is 51%.　　In other words, the state still retains its absolute holding position after the reduction.　　Russia's economic development minister, Nabiulina, said July 29 that the way to privatize includes both selling assets to strategic investors as well as publicly traded shares abroad.　　In September, the Russian Finance minister, Kudrin, said at a Reuters Russia investment summit that Russia is preparing to sell $10 billion trillion of assets every year for about the next 5 years. CIC aims at energy and finance and the Russian government is actively negotiating with potential bidders.　　However, the report did not disclose the potential deals that CIC might involve. Jianxi Wang as said in Moscow that CIC is focused on those companies with dividend margins of 5% to 6% per cent.　"If the company's risk is small and stable, 5% to 6% of the level can be," Jianxi Wang as added, the high-margin industry can achieve 10% to 15% dividend.　According to previous media reports, CIC may have taken part in acquiring about 24% per cent of Russia's largest oil producer, Russian oil AG (Rosneft) and about 9% per cent of Russia's largest bank and the Russian Federation's Savings Bank (Sberbank). China Investment Limited Liability company, a large state-owned investment company, was established in Beijing on September 29, 2007 and is one of the world's largest sovereign wealth funds.