“China snubbed Google but picked Apple when it decided to divert some of its $300 billion investment fund into U.S. stocks,” Glenn Hall reports for TheStreet. “Anyone surprised? Could it possibly have anything to do with Google’s threat to leave China over a dispute about censorship, hacking, etc?”
“We could get up in arms about China buying up America, but that’s yesterday’s news,” Hall writes. “Why shouldn’t the Chinese invest in the U.S.? Let’s take it as a sign of respect that they like what they see here — at least as far as investments go.”
“So let’s review what the Chinese government considers good investments in America,” Hall reports. “There’s Coca-Cola and Johnson & Johnson (two of Warren Buffett’s favorites) and China also put some cash in big banks, including Morgan Stanley, Citigroup and Bank of America.”
Full article here.
Andy Hoffman reports for Stockhouse, “The regulatory filing shows CIC [China Investment Corp.] controls 15,000 shares of BlackBerry maker Research In Motion Ltd. worth about $1-million. CIC also owns a $6.3-million stake in computer and hand-held device maker Apple Inc. [roughly 32,000 shares], and a $4.3-million interest in News Corp., publisher of The Wall Street Journal and owner of Fox News. The filing also revealed for the first time that CIC owns a $14.3-million interest in troubled U.S. insurer American International Group Inc.”
Full article here.