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.
Yale will be one of nine “cornerstone investors” in the railway, each of which will be guaranteed...
Sorry, but comments are disabled for this article.