Notable Investments: China's largest sovereign fund is getting cozy with Russia. In June, it established a joint investment fund with the former Soviet Union, with the goal of investing in businesses across Russia and China. With a high rate of visitor exchange between the two countries, the joint entity, known as the Russia-China Investment Fund, is investing heavily in tourism and housing infrastructure in both nations.
Outside of Russia, China Investment Corporation bought a $40 million stake in Chinese healthcare provider iKang (KANG) at the company's initial public offering on the New York Stock Exchange in April.
