China’s CIC Set to Invest in U.S. Mortgages

August 16, 2009

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China’s $200 billion sovereign wealth fund, which lost big on its ill-timed 2007 Morgan Stanley and Blackstone bets, plans to invest up to $2 billion in U.S. mortgages as it eyes a property market rebound, two people with direct knowledge of the matter said Monday.

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China’s CIC Set to Invest in U.S. Mortgages

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