Pages

Friday, May 21, 2010

China's global resource binge arrives in the United States

Sovereign wealth funds from China and South Korea are targeting a huge investment in one of the largest shale gas producers in the U.S.

China Investment Corporation and Korea Investment Corp are close to purchasing nearly $1 billion of preferred stock in Chesapeake Energy. This comes just weeks after another Chinese firm partnered in the purchase of $600 million in the company.

Most readers are probably familiar with China's global resource buying spree, but these are some of the country's first large investments directly in U.S-based energy resources.

No comments:

THE MONEY MARKET

FRIENDS