15.10.2008 - US crisis freezes China SWFs
From FT: China’s $200bn sovereign wealth fund, which has made a series of loss-making investments in Western financial institutions since last year, could have as much as $5.4bln frozen in a failed US money market fund account. A subsidiary of China Investment Corp was the biggest institutional investor in the $62bln Reserve Primary Fund, the first money market fund in 14 years to see its net asset value fall below $1 last month, according to US regulatory filings reported by agencies..... Full Article: Source