06.08.2008 - China's domestic banking success not matched by overseas investments
From TheAge.com: China's success in growing its state-owned domestic banks has not been matched by its investments in overseas financial companies. Chinese funds and companies have spent $US19.3 billion buying stakes in Blackstone Group, Morgan Stanley, Barclays, Fortis and Johannesburg-based Standard Bank Group since May last year that are now worth $US7 billion less on paper... Full article: Source