Summary | Underlying the creation of the CIC was a long-running
bureaucratic dispute between the Ministry of Finance (MOF) and
the People's Bank of China (PBOC), China's central bank. SAFE's
attempts to expand its own equity investments, clearly
encroaching onto the CIC's turf, is likely more reflective of
these bureaucratic conflicts than a coordinated government ...
bureaucratic dispute between the Ministry of Finance (MOF) and
the People's Bank of China (PBOC), China's central bank. SAFE's
attempts to expand its own equity investments, clearly
encroaching onto the CIC's turf, is likely more reflective of
these bureaucratic conflicts than a coordinated government ...
chinastakes.com | 19 July 2015