CIC slams US regulation, accuses SEC of blackmail
Jin Liqun, chairman of the supervisory board at the Chinese sovereign wealth fund, takes a sledgehammer to the excesses of US financial regulation at a conference in Mumbai.
Jin Liqun, the man at the helm of China’s $410 billion sovereign wealth fund China Investment Corporation (CIC), has emerged as a standard bearer for libertarian free-market principles.
In a delicious twist of irony, yesterday he slammed the US government and regulators for imposing useless, destructive and counter-productive regulations on the financial world. These new regulations, he believes, are the biggest threat to global growth.
“Over-regulation and inappropriate interve…
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