Univ. to invest $50M in Chinese railway company
University President Richard Levin has garnered headlines in recent years for reaching out to China. Now, according to news reports, Yale will own a part of it — or at least part of its state-owned railroad.
The University will reportedly invest $50 million in the China Railway Construction Corp. as part of the company’s $5.4 billion initial public offering, a seemingly bold investment for an institution that shies away from foreign equities more than most other universities.
