Audit accuses Chinese SWF of mismanagement

06/18/2014 | Market News International · Bloomberg

The National Audit Office has criticised China's sovereign-wealth fund for disregarding instructions from the State Council and failing to adequately investigate projects before investing in them. The auditor says 12 projects "have shown problems with a dereliction of duty by management executives, insufficient due diligence and a lack of sufficient post-investment management".

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Market News International · Bloomberg

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