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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Chinese financial firms look abroad

Posted on 29 December 2008

From Taipeitimes.com: The China Investment Corp, the country’s sovereign wealth fund, which controls US$200 billion in assets, has lost money on almost all of its investments, including a loss of US$2.46 billion, or 82 percent, of the US$3 billion it invested in the Blackstone Group.

Although employees of large Chinese financial institutions usually graduate from top Chinese universities, they lack practical market experience….. Full Article: Source


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