The New York Times is reporting China’s reluctance to invest in the foreign financial sector given the heavy losses on recent investments in Blackstone Group, Barclays and Morgan Stanley. Lou Jiwei, chairman and chief...
In the Atlantic Monthly, James Fallows writes about China’s controversial investment in Blackstone Group last year and China’s subsidizing of the American lifestyle: The Blackstone case is titillating in its personal detail, but it is also an unusually clear and personalized symptom of a deeper, less publicized, and potentially much more destructive tension in U.S.–China […]
From Reuters via Yahoo.com: The steep paper losses that China has suffered on its $3 billion investment in Blackstone Group will not deter its embryonic sovereign wealth fund from making further investments in private equity and hedge funds, according to a senior official. Shares in Blackstone closed on Friday at $24.08, down 22.3 percent from […]
The International Herald Tribune gives an update on the Blackstone deal: The first purchase by the Chinese government’s new overseas investment fund, a $3 billion stake in the Blackstone Group, has backfired badly and produced an unusual public backlash within China. Blackstone shares have fallen steeply since the company went public June 22, pushing down […]
The New York Times reports on the reaction within China to the government proposed purchase of a $3 billion stake in the American private equity firm Blackstone: The Chinese government is acquiring nearly 10 percent of an influential investment company without a repeat of the fights that surrounded a bid two years ago by a […]
From The Economist: China’s investment in Blackstone shows how government investors are flourishing at the heart of the financial system With $1.2 trillion in foreign-exchange reserves and the pool growing by more than $1 billion every day, China casts a giant’s shadow over the global financial markets, even if it has mostly used the money […]
From the New York Times: The Chinese government said yesterday that it would acquire a $3 billion stake in the Blackstone Group, the private equity firm, in the country’s first effort to diversify its $1.2 trillion in foreign-exchange reserves beyond United States Treasury bills and into commercial enterprise. The deal, which is set to coincide […]
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