[philman_36]

My how interesting the rabbit hole is...
This...Chinese Foreign Investment: Insist on Transparency
As for CIC,the financial crisis did reveal a multi-billion dollar placement with an American money market fund that likely reflects much more money placed by all Chinese institutions.
Led to this...
Let Them Eat Subprime: Chinese SWF Down $5.4B Tuesday, October 14, 2008
I find it utterly unremarkable that China's sovereign wealth fund, the China Investment Corporation (CIC), has had $5.4B frozen in a money market account gone bad. Sometime ago, the Reserve Primary Fund caused much turmoil among money market funds when it "broke the buck" or had its net asset value (NAV) fall below 1.00. It turns out that it had invested in Lehman Brothers debentures--not a very wise move. Now, the Financial Times reports that the Reserve Primary Fund's largest institutional investor is none other than the CIC.
Snip...Stable Investment Corp, which is registered at , held 11.1 per cent of Reserve Primary’s shares, or around $5.4bn worth, at the start of September.

It makes you wonder if the institutional investors who got the heads up were the Chinese as the numbers given are close. The "bank run" was $550 billion dollars (5.5bn) and amazingly enough the amount the Chinese had invested was 5.4bn.

Was the Chinese pull out, with advance knowledge, be the plurality of the bank run with only smaller investors making up the remainder?
Who knows.

[philman_36]

Try that second snippet again...
Stable Investment Corp, which is registered at the same address as the CIC office in Beijing and shares employees with the fund according to the reports, held 11.1 per cent of Reserve Primary’s shares, or around $5.4bn worth, at the start of September.

[Robert A Cook PE]

Things that make you go “Hmmmmn.”

For later reading. (Now, why would two such separate articles read so much alike? 8<) )