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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

China’s CIC says wary of investing in ‘old’ automakers

Posted on 21 September 2010

From Moneycontrol.com: China Investment Corp (CIC), China’s $300 billion sovereign wealth fund, “has doubts” about investing in old line automakers and would approach any such deals cautiously, the fund’s general manager said on Friday.
CIC was approached by a number of car makers during the financial crisis, including some major ones, about possible investments, said Gao Xiqing, speaking at an automotive forum in Chengdu, China. He did not name the companies……………………………………….Full Article: Source


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