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Why would a sovereign wealth fund buy domestic assets? In plain English this is nationalization. Maybe Citic indulged in some kind of subprime binge and the Chinese taxpayer is called on to help?
Jul 20 05:53 am
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All Comments by taojaxx »Sovereign wealth fund China Investment Corp. agrees to buy a 40% stake in Chinese private-equity firm Citic Capital Holdings. [View news story]