China Investment Corporation (CIC), China's sovereign wealth fund, has sold its stake in Chinese private equity giant Blackstone Group. The financial details of the exit have not been disclosed. It ends an 11-year investment and comes amid growing trade tensions between China and the US.
China Investment Corporation (CIC), China's sovereign wealth fund, has sold its stake in American private equity giant Blackstone Group. The financial details of the exit have not been disclosed. It ends an 11-year investment and comes amid growing trade tensions between China and the US.