CIC/JC Flowers: The right bunch?

China has kicked off its year of the rat by showing that it too can tread nimbly. Its bank-focused sovereign wealth fund, China Investment Corporation, has a stack of cash to invest abroad. Channelling up to $4bn of that through Chris Flowers, the private equity entrepreneur, looks a shrewd move. It will provide a degree political cover for its activities and reassure Western government that its motives are purely financial. Indeed, CIC will no doubt be hoping that it will do better out of inve...