He's just being blooded at the game.

他初参加这次比赛。

First, the People's Bank of China is transferring funds to China Investment Corp, the fledgeling sovereign wealth fund with a $200bn kitty.

首先，央行向中国投资公司转移了基金，一个价值200亿美金的（初的）权财富基金转给了中国投资公司。