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Sovereign Wealth Funds Briefing - Categorized | Investment, Market, Research

After buying spree, China owns stakes in top U.S. firms

Posted on 09 February 2010

From Nytimes.com: Flush with cash despite the global economic downturn, China’s sovereign wealth fund quietly snapped up more than $9 billion worth of shares last year in some of the biggest American corporations, including Morgan Stanley, Bank of America and Citigroup.

Although most of the stakes were small, China Investment Corp., the government’s $300 billion investment fund, now owns stock in some of the best-known American brands, including Apple, Coca-Cola, Johnson & Johnson, Motorola and Visa, David Barboza and Keith Bradsher report in The New York Times…………………………………Full Article: Source

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