Blackstone shares losing streak a week 258 million deficit and foreign investment.

<P>: Http://finance. Hearing, a week after falling in the U.S. Blackstone Group's stock price has finally dropped below China's national foreign exchange investment company into shares, so that the latter occurs book loss of approximately $ 33,835,000 (about 258 million .yuan). .</ P> <P> EDT June 29 (Friday) closing, Blackstone's share price is $ 29.27, the day down about 1.41%, below the issue price. .From the June 25 date, the share price is down $ 5.79 a week, down by 16.5%. .Blackstone on June 22 at the New York Stock Exchange, with the exception listed on the first day, the subsequent trading day was falling trend. .</ P> <P> Last month, the preparation of the state foreign exchange investment company bought three billion U.S. dollars to spend 101 million shares of Blackstone, representing the total share capital of which approximately 9.9% of the purchase price is $ 31 offering price in Blackstone .95.5%, about $ 29.605. .This is the state foreign exchange investment company's initial equity investment abroad. .Blackstone listed on the first day, the stock rose 13.1%, to $ 35.06, the state foreign exchange investment company record profits of $ 5.455 per share, one-day exposure of about 551 million U.S. dollars earned. .</ P> <P> However, as Blackstone's stock price fell, the state foreign exchange investment company's book profits continue to "shrink", June 29, the book loss of approximately $ 0.335 per share, a loss rate of about 1.13%. .However, according to the agreement with Blackstone, the State Foreign Exchange Investment Company is a long-term investment, commitment to at least 4 years to hold Blackstone shares. .</ P> <P> state foreign exchange investment company's losses originated from unexpected bad news. .Blackstone shares of its signing in May, and early in June, the U.S. Congress proposed a motion, proposed to increase the tax burden on listed private equity firm level, and may be implemented this month. .Blackstone is the largest private equity fund company, which currently only subject to 15% of the tax burden, the increases may reach 35%, seriously affected its profitability. .</ P> <P> So far, China is to further promote the formation of the national foreign exchange investment company. .The Ministry of Finance plans to issue special treasury bonds to purchase about 200 billion U.S. dollars of foreign exchange reserves, as the source of the company's capital. .People's Bank of China Deputy Governor Wu Xiaoling said last weekend, Central SAFE Investment Company will be incorporated into the national foreign exchange investment company, which will achieve real market operation. .</ P>.