Last week, the story “leaked out” that a China sovereign wealth fund had expressed interest in purchasing a significant stake in Facebook. Lots of chatter then ensued about whether it was true, what it meant, and what “we” should do about it. (No, I don’t really know who “we” are.)
Allow me to be blunt on this issue: from a legal/investment perspective, I don’t care much if China wants to buy part of Facebook. Their motives for doing so are irrelevant as long as no laws are broken, and all the chatter about whether such a deal is a good idea is a negative influence on inward foreign investment in the U.S., and possibly corresponding deals in China by U.S. firms.
Showing posts with label China sovereign wealth fund. Show all posts
Showing posts with label China sovereign wealth fund. Show all posts
Sunday, July 10, 2011
Monday, July 4, 2011
It’s None of Our Business Whether China Wants to Buy Shares of Facebook
Last week, the story “leaked out” that a China sovereign wealth fund had expressed interest in purchasing a significant stake in Facebook. Lots of chatter then ensued about whether it was true, what it meant, and what “we” should do about it. (No, I don’t really know who “we” are.)
Allow me to be blunt on this issue: from a legal/investment perspective, I don’t give a shit if China wants to buy part of Facebook. Their motives for doing so are irrelevant as long as no laws are broken, and all the chatter about whether such a deal is a good idea is a negative influence on inward foreign investment in the U.S., and possibly corresponding deals in China by U.S. firms.
Allow me to be blunt on this issue: from a legal/investment perspective, I don’t give a shit if China wants to buy part of Facebook. Their motives for doing so are irrelevant as long as no laws are broken, and all the chatter about whether such a deal is a good idea is a negative influence on inward foreign investment in the U.S., and possibly corresponding deals in China by U.S. firms.
Friday, June 17, 2011
China sovereign wealth fund to name new CIO-source
HONG KONG/BEIJING, June 17 (Reuters) - A top executive of China's national pension fund is tipped to become chief investment officer of the country's $300 billion sovereign wealth fund, a source said on Friday, part of intense political jockeying ahead of a sweeping reshuffle of the Communist Party's top leadership.
Li Keping, 55 , vice chairman of the $130 billion National Social Security Fund, is likely to succeed Gao Xiqing as chief investment officer of China Investment Corp (CIC) , the source at CIC told Reuters, requesting anonymity.
Li Keping, 55 , vice chairman of the $130 billion National Social Security Fund, is likely to succeed Gao Xiqing as chief investment officer of China Investment Corp (CIC) , the source at CIC told Reuters, requesting anonymity.
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