Original URL: http://www.theregister.co.uk/2010/02/10/cic_investment_report/

Google stock shunned by China

It's no Apple

By Rik Myslewski

Posted in Business, 10th February 2010 08:02 GMT

China has released its first public disclosure of its US stock investments, and there's one profitable, fast-growing company that's conspicuous by its absence: Google.

The list of US companies in which the China Investment Corporation (CIC) holds stock totals 68, adds up to a cool $9.63bn, and is spread across a wide swath of market segments.

In the tech sector, CIC is bullish on Apple, to which it has tossed $6.3m. The Middle Kingdom's financial mandarins also have $3.9m invested in Motorola, $1.5m in Sprint Nextel, and $1m in Research in Motion. The heftiest chunk of change is well outside the digital domain, however: a $3.5bn investment in mining company Teck Resources.

Google's one-year stock performance

Google's one-year stock performance paralleled that of...

Apple's one-year stock performance

...Apple, but earned it no love from China's moneymen (credit: Yahoo! Finance)

But not a dime for Google. And sorry, conspiracy theorists, China's Google stock-shun apparently has nothing to do with Google's recent claims that it was cyber-attacked by hackers inside China. Google unveiled its China hack claim in January. The CIC stock-investment release covers the year ending December 31.

Well, Google does say that the cyber attacks were actually carried out in December. So if you really want to find a conspiracy theory, you can. ®