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28-03-2013, 04:30 PM
(28-03-2013, 03:30 PM)zhangwuji Wrote:(28-03-2013, 01:38 PM)specuvestor Wrote:(28-03-2013, 09:34 AM)cfa Wrote: GIC and Temasek bought big time into banks in US and EU before AFC 2008/2009, do they mark these investments to market ?
IIRC there was a $40b loss for Temasek, effectively losing what they made from the Chinese banks, and Goodyear was supposed to replace Ho Ching.
Am I right to say that gain in Chinese investments is only on paper since they are no yet realised, but the $40B loss in US is REAL money loss?
IIRC they used most of their money made from Chinese banks to plow into US/ EU banks
Sorry a lot of things I posted is based on my memory, actual figure may not be exactly right but the right idea is there
CityFarmer most likely can concur 
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