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Plunging stock prices on Wall Street mean the world's top two banks by market value - and three out of the top six - are Chinese.
Singapore's investment funds Temasek and GIC have used the turmoil to make massive investments in the Western banking sector.
They're now the biggest shareholders of Merrill Lynch and UBS. They are both sitting on big paper losses as values continue to fall, but they will tell you this was a unique opportunity to gain that sort of foothold on Wall Street.