CIC Increases Skepticism on U.S. Financial Firms

Posted on 12/04/2008


The China Investment Corporation (CIC), a major Chinese sovereign wealth fund, has taken major paper losses on its ownership stake in U.S. financial firms. The CIC commented to the press that it is “not brave enough” to invest in foreign financial firms. The CIC commented that it lacks confidence in the shifting U.S. financial regulatory […]