He's just being blooded at the game.

他初出茅庐参加这次比赛。

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，央行投公了基金，一个价值200亿美金的（初出茅庐的）主权财富基金给了投公。