CIC slams US regulation, accuses SEC of blackmail

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…