The ‘investor of China’s money’ is mum on Morgan Stanley rumors, says he’s cautious about venture capital
Rumors are swirling around Gao Xiqing, the general manager of the China Investment Corporation, and his visit to the United States. Gao is reportedly traveling with Wei Christianson, who runs Morgan Stanley’s business in China. Morgan Stanley’s stock values are plunging, and an anonymous source told Bloomberg that the state-owned CIC (which is China’s sovereign wealth fund) could buy as much as a 49 percent stake in the investment bank.
Meanwhile, another Chinese investment group, CITIC… Continue Reading