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Sovereign Wealth Funds Briefing - Categorized | Asset Allocation, Investment

China’s domestic banking success not matched by overseas investments

Posted on 06 August 2008

From TheAge.com: China’s success in growing its state-owned domestic banks has not been matched by its investments in overseas financial companies. Chinese funds and companies have spent $US19.3 billion buying stakes in Blackstone Group, Morgan Stanley, Barclays, Fortis and Johannesburg-based Standard Bank Group since May last year that are now worth $US7 billion less on paper… Full article: Source


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