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TIANJIN, China (Dow Jones)–China International Capital Corp. Chairman Li Jiange
said Sunday that as an investment bank CICC doesn’t have sufficient capital to
make overseas acquisitions.
Li, who took up his post in July, made the comment on the sidelines of the World
Economic Forum in response to a reporter’s question about whether CICC is
planning any overseas acquisitions.
The U.S. [...]

(China Daily)
Updated: 2008-09-12 07:32
China, which holds a fifth of its currency reserves in Fannie Mae and Freddie Mac debt, may cut the portion held in US dollars, according to China International Capital Corp (CICC), one of the nation’s biggest investment banks.
The US government this week seized control of the two mortgage-finance companies, which account for [...]