Tag: China Investment Corporation

China Investment Corporation
Wednesday, September 1st 2010 - 19:34 UTC

Chinese sovereign fund takes control of 10% of Morgan Stanley’s

CIC already holds 2.49% of Morgan Stanley common stock

The U.S. Federal Reserve Board announced it has approved the application by China Investment Corporation (CIC) to buy up to 10% of voting shares of investment giant Morgan Stanley.

Advertisement

Get Email News Reports!

Get our news right on your inbox.
Subscribe Now!

Advertisement