| From Barrons.com: Some of the investments are made by China Investment Corp. and the State Administration of Foreign Exchange Investment Co., both sovereign-wealth funds that are charged with diversifying China's $2.5 trillion in foreign-exchange reserves.
After the values of big stakes in Blackstone and Morgan Stanley slid during the financial crisis, CIC reevaluated its strategy, investing last year in commodity companies like Hong Kong's Noble Group, Russia's Nobel Oil, and Canada's South Gobi Energy Resources..............................................Full Article: Source
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