04.12.2008 - China's SWF loses $6 billion
From Financialexpress.com: China's sovereign wealth fund said it wouldn't 'dare' invest in foreign financial firms after losing $6 billion on stakes in Morgan Stanley and Blackstone Group LP. "I don't dare to invest in financial institutions now," Lou Jiwei, chairman of China Investment Corp (CIC), said on Wednesday at a conference in Hong Kong. "The policies of the developed nations on these institutions are not clear. Until they are clear, I don't dare to invest in them. What if they go bust? I will lose everything." .... Full Article: Source
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