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“Morgan Stanley: Made in China” – a Wise Move by CICI’m cheerfully surprised to know that our sovereign-wealth fund, China Investment Corp (CIC), is going to pay $5 billion for as much as 9.9% of the Wall Street giant, Morgan Stanley. This was announced together with Morgan Stanley’s $9.4 billion write-down for its fiscal fourth quarter. It’s really a wise move. The Subprime Crisis introduces this golden opportunity that many foreign banks/funds are significantly under-valued and need cash injection. We should just widely invest on those banks/funds now. It’s also a firm move, with respect that CIC has been extensively snickered for the loss on Blackstone. I admire the determination. It is said that "for the first time, Chinese companies and the government bought more overseas than foreign buyers have invested in China", which is good news considering the piling up foreign cash on China’s balance sheet. 3 comments to “Morgan Stanley: Made in China” – a Wise Move by CIC |
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在摩根股价缩水四成的困难时期，中投为摩根及时送上了红包，当日摩根股价上涨4%。希望此善意之举获得善意回报。也希望摩根不会利用中国人的钱赚中国人的钱。
[转]侨报网点评：
此举应该比投资黑石明智。 第一：黑石作为一私募公司，没有多少根基，未来更难以测量。而摩根斯坦利有73年的辉煌历史。第二，投资摩根斯坦利是在其低谷期，公司股价今年以来缩水近四成，市值从年初的800多亿美元缩至500亿美元。中投可以说检了一个便宜。 而黑石则是买了一个最高价。第三，更有问题的是，黑石为了提高其业绩，很可能利用其特殊的地位，在中国市场上翻云覆雨，用中国人的钱，再来赚中国的钱。如低价收购中国企业，包装一下，高价卖出，如此而已。对中国其实没有实质性的好处。