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Published by: Harvard Business Publishing
Originally published in: 2006
Version: 20 November 2006
Length: 9 pages
Data source: Field research

Abstract

With its USD3 billion investment in Chinese state bank China Construction Bank, Bank of America - the second US bank behind Citigroup in terms of assets and market capitalization - was one of several foreign banks directly participating in China's banking sector reform. Banking sector reform was considered by some analysts to be an important complement to capital account liberalization and further changes to China's exchange rate regime.
Locations:
Industry:
Other setting(s):
2005

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Abstract

With its USD3 billion investment in Chinese state bank China Construction Bank, Bank of America - the second US bank behind Citigroup in terms of assets and market capitalization - was one of several foreign banks directly participating in China's banking sector reform. Banking sector reform was considered by some analysts to be an important complement to capital account liberalization and further changes to China's exchange rate regime.

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Locations:
Industry:
Other setting(s):
2005

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