From Reuters: China Investment Corp (CIC), the country’s $300 billion sovereign wealth fund, may be sharpening its dealmaking prowess, but it is still a cheapskate when it comes to paying advisory fees.

CIC’s tough stance on fees shows that pricing power rules in a year when M&A activity has slumped in the wake of the financial crisis. But bankers of all stripes continue to bang at CIC’s door in hopes of securing a meeting……………………………..Full Article: Source