Expect a raft of reassuring announcements in the coming weeks. Today, China’s sovereign wealth fund China Investment Corp said its USD5.4 bn investment in the U.S.-based Reserve Primary Fund is not frozen, contradicting reports from Bloomberg.

The CIC publicly denied reports that the investment was frozen as Reserve Primary had suspended withdrawals, after it became the first domestic money market fund in 14 years to leave investors with a loss.

On its website, the CIC claims to be a creditor and not a shareholder of the U.S. fund, and adds that it filed a redemption order for the USD5.4 bn before the fund announced the suspension. “CIC is confident of its position with regard to the full recovery of its money,” the statement says.

China Investment Corp has previously invested USD5bn in Morgan Stanley, and USD3 bn in buyout firm Blackstone. Both investments have incurred a loss of around 70 per cent, as stock prices of the two U.S. companies collapsed.

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