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Sovereign Wealth Funds Briefing - Categorized | Financials, Investment

Chinese investment in Morgan Stanley not cause for concern, say financial experts

Posted on 03 September 2010

From Dailycaller.com: On Tuesday, the Federal Reserve gave the green light to China Investment Corporation (CIC) – a wealth fund owned entirely by the Chinese government – to buy up ten percent of voter shares in the U.S. financial firm Morgan Stanley. The announcement made headlines throughout the U.S. financial landscape.
“CIC has stated that it does not propose to control or exercise a controlling influence over Morgan Stanley and that its indirect investment will be a passive investment,” Fed officials said in a statement……………………………………….Full Article: Source

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