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CHINA stock crashing...cheena fund pulling out???
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nickyng
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16-Oct-2007 17:16
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har?? no wonder..they sell SHORT NZDUSD har? corrected abit leh...hee... :P tomor mkt will be exciting :P |
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teeth53
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16-Oct-2007 17:05
Yells: "don't learn through life, learn to grow with life " |
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This might interest U....Just an alternate news from Reuters 16-10-2007 11:28:02 China wealth fund invested in money markets -chief BEIJING, Oct 16 (Reuters) - China Investment Corp, the country's new $200 billion sovereign wealth fund, has parked its initial capital in money markets and is open to investing around the world, including Hong Kong and Taiwan, the firm's head said on Tuesday. Lou Jiwei, speaking at the Communist Party Congress, also said the CIC had paid $67 billion to the State Administration of Foreign Exchange to buy Central Huijin, formerly the investment arm of the central bank. He added that the possibility of CIC getting more foreign exchange reserves to manage would depend on its investment record, a view echoed by central bank governor Zhou Xiaochuan. ((Reporting by Eadie Chen and Zhou Xin; writing by Simon Rabinovitch, editing by Ken Wills; simon.rabinovitch.reuters.com@reuters.net)) Keywords: CHINA ECONOMY/CIC |
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nickyng
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16-Oct-2007 16:24
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hee,...quick up and quick down...as expected... :P stock crash imminent ? |
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