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Sovereign Wealth Funds Briefing - Categorized | Market

China flexed its muscles using US Treasuries

Posted on 21 February 2011

From Straitstimes.com : In June, 2009, the head of China’s powerful sovereign wealth fund met with Mr Geithner and requested that he lean on regulators at the US Federal Reserve to speed up the approval of its US$1.2 billion (S$1.5 billion) investment in Morgan Stanley, according to the cables, which were provided to Reuters by a third party.
Although the cables do not mention if Mr Geithner took any action, China’s deal to buy Morgan Stanley shares was announced the very next day……………………………………….Full Article: Source


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