The race by Wall Street to invest in China is now being matched by a race by China to invest in Wall Street.
In October, Bear Stearns and Citic Securities struck a landmark deal to invest $1bn in each other as part of a strategic alliance.
CHINA
CIC’s opportunistic deal is lesson learnt
By David Wighton and Henny Sender in New York
Published: December 19 2007 20:23 | Last updated: December 20 2007 02:14
You have viewed your allowance of free articles. If you wish to view more, click the button below.
