Until recently, China, which holds foreign currency reserves of more than $1.2 trillion (the world’s largest), followed this policy, too. But a $3 billion investment by the Chinese SWF in the US investment firm Blackstone suggests a more worryingly strategic investment policy, one that appears aimed at advancing its own industrial interests in certain markets.
有些基金运作受到很大的限制。日本的国家海外投资仅限于债券，且大多是美国发行的债券。直到最近，拥有（全世界最大）外汇储备超过1.2万亿美金的中国也遵循着这一严格政策。但这只中国SWF对美国投资公司黑石的30亿美元注资则显示了一种更令人担忧的战略投资政策，一种似乎是以推进自己在某些市场的产业利益为目的的政策。