29.12.2008 - Chinese financial firms look abroad
From Taipeitimes.com: The China Investment Corp, the country’s sovereign wealth fund, which controls US$200 billion in assets, has lost money on almost all of its investments, including a loss of US$2.46 billion, or 82 percent, of the US$3 billion it invested in the Blackstone Group. Although employees of large Chinese financial institutions usually graduate from top Chinese universities, they lack practical market experience..... Full Article: Source