China State Banks Earmark Over $8 Billion for Property Projects bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
The Florida House on Wednesday rolled out a proposal to divest an estimated $277 million in state pension-fund investments in Chinese state-owned companies.The proposal, approved by the House State Affairs Committee, would require the State Board of Administration to develop a plan for selling holdings tied to Chinese companies by Sept. 1 and complete divestment within one year. The State Board of Administration invests state money, including in the pension fund.
The world's biggest banks are, well, downright huge. It's easy to overlook just how much money the largest banking firms are sitting on, but the truth is that billions and trillions are flowing.