24.08.2011 - China's other SWFs--Complexity and coherence in sovereign investing strategies
Certain important themes emerge: (1) Chinese outbound investment is not marked by its uniformity but rather by a loose coordination; (2) Chinese ministries with access to SWFs compete for power, influence and status through these funds, the more successful the funds, the more useful not only as a source of wealth but also internal influence within the state apparatus; (3) the blended objectives of politically targeted wealth maximization tends to provide a framework, but not an inflexible formula, for SWF investment activity;.............................................Full Article: Source
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