But while China Investment Corporation (CIC), China Development Bank and state-owned energy companies will continue to be big players, other enterprises will be making outward moves using diversified financing.

FORBES: Where China Goes, Banks Will Follow

Meanwhile, the state-controlled China Development Bank is said to be negotiating a takeover of Shenzhen Development Bank, one of the few financial institutions controlled by foreigners.

ECONOMIST: The opening up of China��s economy goes into reverse

Large, state-controlled lenders China Development Bank Corp. and Export-Import Bank of China are planning to pitch dim-sum bonds in London to investors, said people familiar with the matter.

WSJ: Dim Sum Bonds Get Western Flavor

But China and Russia, who are have been setting up new SWF's, are set to make bigger and more ambitious purchases through state-owned companies like Gazprom and the China Development Bank (CDB).

FORBES: Tracking The Sovereign Funds

Over the past few years, state-owned financial institutions, mainly the Export-Import Bank of China and the China Development Bank, have extended tens of billions of dollars to Brazil, Russia and Kazakhstan, among other countries.

FORBES: Obama Policy Hands China Global Energy Supremacy

Brazil, Russia, India and China (and newcomer South Africa) want to set up their own regional development bank, heads of state said in India on Wednesday at the annual BRICS Summit.

FORBES: BRICs Want Their Own Bank