Tuesday, April 9, 2013

China Investment Corporation Has Eye on White House

Asian Investor reported on Gao Xiqing, President of China Investment Corporation.  Gao. a Chinese private equity underwriter (PEU), shares the gift of glib with fellow PEU's.

Pressed by the moderator on his next real estate deal, Gao quipped "The White House."  It got a big laugh from the audience

I wonder how it impacted other PEU funnymen, The Carlyle Group's David Rubenstein and Blackstone's Stephen Schwarzman.   It feels like this pair owned the White House since 2001.  Are they ready to flip it for a ten bagger?