The Rise of Political Influence in China's Sovereign Funds

Xi Jinping has been actively using sovereign funds to finance the party's agenda. He not only just capitalized the Silk Road Fund, but also used the sovereign funds to capitalize a couple of China-related funds. So from that perspective, we did see the rise of parties influence and in particular emphasize party loyalty. And then I'll just close off by saying that we've all since present Xi Jinping come to power or in this case, Chairman Xi Jinping, that's the right word.