Monday 27 June 2011

China Is Long-Term Investor in EU Bonds: Wen

http://www.bloomberg.com/news/2011-06-26/wen-says-china-is-a-long-term-investor-in-european-debt-confident-on-euro.html

“China has actually increased the purchase of government bonds of some European countries, and we haven’t cut back on our euro holdings,” Wen told the British Broadcasting Corp. yesterday in an interview. These acts “show our confidence in the economies of Europe and the euro-zone.”

SS says

They also invested in the IPO of Blackstone at the peak in 2007.
The stock price still hasnt reached its Oct 2007 high.
CIC invested 3 bn into it.

Doesnt speak volumes about their investment acumen.

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