The Primus-led group failed to convince the regulator it had the financial capability “to ensure future capital expansion and a long-term commitment to operate the business,” Wu said.

博智集团无法说服主管机关它有足够的财力”来确保未来的资本扩张和长期经营的承诺“吴说。

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The Primus-led group failed to convince the regulator it had the financial capability "to ensure future capital expansion and a long-term commitment to operate the business, " Wu said.

博智集团无法说服主管机关它有足够的财力”来确保未来的资本扩张和长期经营的承诺“吴说。

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I pay little attention to the competition result, but I love poetry, and it is enough as long as I enjoy the happiness brought by the poetry, " Wu said."

我对比赛结果并不太在意，但我喜欢诗歌，只要能够享受诗歌带来的乐趣于我而言就已经足够了。

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"This implies that the main purpose of establishing CIC...still has a long way to go, " said Friedrich Wu, an adjunct associate professor at the Nanyang Technological University in Singapore who has written several research papers on the fund.

WSJ: China's CIC Works on Funding Mechanism