| From Washingtonpost.com: CIC "is under public scrutiny, and that public scrutiny is good," said Davin Mackenzie, a private equity fund manager and former China representative of the International Finance Corp., in a recent interview in Beijing. "It puts lots of pressure on CIC to produce returns, and that's different from other state-owned enterprises in China, for which financial returns are not the only objective."
When the fund was created, many analysts feared that it would devour foreign firms. Yet CIC has not sought majority stakes or active management roles, an approach confirmed in a Securities and Exchange Commission filing Friday that outlined investments in about 60 U.S.-listed companies or index funds.......................................Full Article: Source |