mohit | Shared With: Everyone - Aug 13 2007 | china, investment club, investing, news
Quoted: HONG KONG (Reuters) - The quality of Chinese home loans is worse than in the United States, where a subprime mortgage crisis is causing turmoil in global financial markets, according to a prominent academic quoted in a Hong Kong newspaper on
Also,
Quoted: Defaults in the U.S. subprime mortgage market now total about $200 billion, on some $1 trillion of loans, according to Credit Suisse.
- mohit | Shared With: Everyone - Dec 20 2007 | news, investment club, china, banking, sovereign wealth funds
China now owns 10% of Morgan Stanley. Also...
Quoted: A number of other large investment banks have also received cash injections from sovereign wealth funds.
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In October, Bear Stearns agreed to a $1bn investment from Citic Securities, which is controlled by China's government.
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Meanwhile, Citigroup sold a stake worth $7.5bn to the Abu Dhabi government's investment arm.ShareViewed: 1 Time
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