China’s NSSF Invests CNY 5 Billion in Cinda Asset Management
Posted on 03/18/2012
China’s National Social Security Fund will invest CNY 5 billion (US$ 788 million) for an 8% stake in Cinda Asset Management Co. The NSSF will be the second largest shareholder behind China’s Ministry of Finance. Other investors include Citic Capital Holdings Ltd., UBS AG, and Standard Chartered PLC. Together with the NSSF the total capital […]
