CIC investment in overseas funds did not hit a mine, said stop plate prior to the redemption fund RP.

<P> In light of recent media reports of a U.S. investment in the investment loss of 5.4 billion U.S. dollars Monetary Fund regarding the cast, said yesterday that the investment in the fund before the panel issued a comprehensive stop redemption orders, according to relevant laws, the investment company .comprehensive legal claim the return of all principal and interest of the Fund. .</ P> <P> As of September 1, CIC's branches Stable Invest-ment Corp is the oldest U.S. money market fund's largest shareholder RP, RP funds held by Lehman Brothers as loss of short-term bonds .785 billion U.S. dollars, many investors in order to avoid losses, a large number of redemption, leading to last month fell below $ 1 net of the hedge fund mark, and suspended redemptions. .Earlier media estimates, the investment may be up to 54 billion dollars have been frozen. .</ P> <P> "is not present in the CIC shareholders of the fund investors, but the creditors. In the investment company has invested in the fund, but before the fund announced the stop plate issued a comprehensive redemption instructions .and the fund has confirmed in writing to return all principal and interest in the investment company. According to relevant laws, the investment company has a comprehensive legal right to require the Fund to return all principal and interest. "CIC said yesterday. .</ P> <P> PR funds by the end of September because the net has fallen below $ 1 to $ 0.97, according to the price of such redemption, the investment company may still face a 3% loss of principal. .Prior to the vote whether to issue redemption instructions as a focus of concern. .</ P> <P> CIC said that under the Fund bulletin, stop late in the redemption of fund investors are not likely to face loss of 3% of the principal, but the investment in the company's redemption of stop plate .ago, should not bear the loss. .</ P> <P> CIC said in response, stopped late in the fund, the investment performance of the fund companies pay close attention to the progress of the repayment obligations, and parties made representations with the United States, highlighted the Fund .our commitments and repayment in full legal rights to vote and urged the parties to facilitate the return of the Fund arrears as soon as possible. .The Fund has recently announced the first batch will be the return of funds, the amount will reach 35% of the funds owed. .The Fund is the U.S. Securities and Exchange Commission under the direction of development of the balance of return plan. .</ P>.