China to merge three major asset managers into China Investment Corp -Xinhua streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.
China plans to merge China
Cinda Asset Management, Orient Asset Management and
Great Wall Asset Management into China Investment Corp ,
state-run Xinhua Finance News reported on Sunday.
Moody s action is the latest alarm sounded over the property sector ills spillover across the economy, despite Beijing s pledges for support policies. It also resembles a sector-wide downgrade by Fitch Ratings earlier this year.