03.09.2010 - Chinese investment in Morgan Stanley not cause for concern, say financial experts
From Dailycaller.com: On Tuesday, the Federal Reserve gave the green light to China Investment Corporation (CIC) – a wealth fund owned entirely by the Chinese government – to buy up ten percent of voter shares in the U.S. financial firm Morgan Stanley. The announcement made headlines throughout the U.S. financial landscape. β€œCIC has stated that it does not propose to control or exercise a controlling influence over Morgan Stanley and that its indirect investment will be a passive investment,” Fed officials said in a statement..............................................Full Article: Source
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