hmm,

Brother, this is not news, the interview was done almost one year ago when Gao was thinking he was on top of the world.

Besides US treasury and Agency debts, CIC made 2 major investment in the past 3 years:

1. Blackstone, courtesy to Fu Mingxia's hu*****and, Antony Leung who bought a Lexus before the annoucement luxury tax when he was the HK secretary. The investment is worth 20-30% of original value of 3 billion right now.

2. 9.9% Morgan Stanley investment worth of 5 billion at the end of last year, coutesy of Wei Christiasson (not sure I got the last name right), she was a good friend of Mr. Gao. MS is worth probably 10% of year end 07 value.

I am not saying Mr. Gao or whoever in charge is stupid, but I do want to tell you it is involved more than just the analysis of IRR and cash flow, it has more behind the scene transactions than you and I know.

Lou Jiwei, the current head of CIC said last week, we are afraid of investing in western financial institutions right now, we don't have the skill and expertise to manage it. I need add one, you don't have skill to evaluate your investment decision, let along managing it! At least, he admitted the mistake. I think Gao is demoted those days for the poor decisions, but I am not 100% sure about this, Lou is the chief spokeman right now, correct me if I am wrong.

所有跟帖： 

• BTW, -Wisdom101- ♂ (98 bytes) () 12/08/2008 postreply 10:59:05

• hmm, -屋漏痕- ♂ (209 bytes) () 12/08/2008 postreply 10:59:47

• Sorry, -Wisdom101- ♂ (154 bytes) () 12/08/2008 postreply 11:04:10

• simple answer, he made it up. -大猪头- ♂ (0 bytes) () 12/08/2008 postreply 11:05:47

• 回复：simple answer, he made it up. -Wisdom101- ♂ (69 bytes) () 12/08/2008 postreply 11:08:29

• apology accepted -大猪头- ♂ (27 bytes) () 12/08/2008 postreply 11:11:28

• Thanks, you too. -Wisdom101- ♂ (0 bytes) () 12/08/2008 postreply 11:15:04

• 文明对话的典范。希望都像他们二人学习。 -BayFamily- ♂ (0 bytes) () 12/08/2008 postreply 11:16:49

• 同意。总体感觉他们是帮不懂投资，又不肯学习的家伙。 -BayFamily- ♂ (0 bytes) () 12/08/2008 postreply 11:00:39