china: news and opinion

CIC increases its stake in US bank

China Investment Corp (CIC), the nation's $200 billion sovereign wealth fund, plans to spend $1.2 billion on buying 44.7 million shares of common stock in Morgan Stanley. Morgan Stanley, the sixth-largest US bank by assets, said last night it was... ...full story at People's Daily

from People's Daily on Wed, Jun 03 2009

see also:


27 Dec 09		Morgan Stanley China » YouTube
03 Jun 09		CIC Dips a Billion-Dollar Toe Back In U.S. Water » China Journal China Investment Corp.'s purchase of an additional $1.2 billion stake in Morgan Stanley is the Chinese sovereign wealth fund's first big public investment in a western bank since the global financial crisis worsened early last year.
19 Sep 08		Will the China Investment Corp get a slice of Morgan Stanley? » Shanghaiist The President of China Investment Corp, Gao Xiqing, has made his way to the U.S. with Wei Christianson, CEO and Managing Director of Morgan Stanley China, sparking rumours that the Chinese sovereign wealth fund may buy up to 49% of the beleaguered...
21 Dec 07		Market, experts hail Morgan Stanley deal » People's Daily The international market sees it as a big business move and experts hail it as a deal in the right direction. China Investment Corp (CIC), the country's sovereign wealth fund, has injected $5 billion into Morgan Stanley within three mont ...
23 Dec 07		CIC gives reference price for Morgan Stanley share purchase » People's Daily China Investment Corp. (CIC) said on Saturday the reference price for its stake in U.S.-based Morgan Stanley was fixed to range from 48.07 to 57.684 U.S. dollars per share. China's state-owned forex investment firm reached an agree ...
18 Oct 08		China's sovereign wealth fund raises stake in U.S. company to 12.5% » People's Daily China Investment Corporation (CIC), the country's 200-billion-U.S.-dollar sovereign wealth fund, has raised its stake in U.S. investment group Blackstone LP to more than 10 percent -- still short of the 12.5 percent limit recently agreed between the two...

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