China's New State Investors - Newsweek: International Editions - MSNBC.com

The Chinese are freeing up some of the capital they've had in t-bills to use for higher risk and higher return - some $200B to start.

Two thoughts occur to me - first, couldn't you make money just chasing their money around? That huge a chunk of cash is going to make some very big ripples. Second, it seems to be part of an emerging trend of privatizing the capital markets. More on this on later.