GIC Doubles Stake in CICC to Be 2nd-Biggest Investor

BusinessWeek, 8 Dec 2010Government of Singapore Investment Corp. said it more than doubled its stake in China International Capital Corp., making it the second-largest shareholder of the first Sino-foreign investment bank.GIC, the manager of more than $100 billion of Singapore’s reserves, increased its stake to more than 16.35 percent from 7.35 percent, .... Full storyRelated:Singapore's GIC