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Another China Bank Is Courted By the West.
- Source :
-
New York Times . 7/11/2005, Vol. 154 Issue 53272, pC1-C2. 2p. - Publication Year :
- 2005
-
Abstract
- Reports that Goldman Sachs & Co. and Allianz AG of Germany are in talks to acquire a one-billion dollar stake in China's largest state-owned bank, the Industrial and Commercial Bank of China. Author's view that the talks come at a time when some of the world's biggest financial institutions are rushing into China to acquire states in some of the country's largest state-owned banks ahead of planned initial public offerings in the next few years; Review of recent deals involving state-owned banks and Bank of America Corp. and UBS AG; Comments on the deals from Jack J. T. Huang, overseer of China coverage for the law firm Jones Day in Taipei, Taiwan.
Details
- Language :
- English
- ISSN :
- 03624331
- Volume :
- 154
- Issue :
- 53272
- Database :
- Academic Search Index
- Journal :
- New York Times
- Publication Type :
- News
- Accession number :
- 17557734