A senior Chinese official who oversees China’s largest state-owned enterprises
has publicly slammed
western investment banks for “maliciously” peddling complicated
derivative products that caused huge losses for Chinese companies. In
Beijing’s strongest criticism on the matter to date, Li Wei, vice
director of the state-owned Assets Supervision and Administration
Commission, singled out Goldman Sachs, Morgan Stanley, Merrill Lynch
and Citigroup in a critical article in the official Communist party
newspaper.
This entry was posted by Gwen Robinson on Friday, December 4th, 2009 at 4:40 and is filed under
Capital markets,
(L’articolo è disponibile previo sostegno)