Contrasting the fast-growing hoard held by both government and residents, China’s fixed-assets due to overseas investment reached100 billion U. Chinese banks are expected to stage more m&a abroad, also a challenge for them, said ICBC’s chairman Jiang Jianqing on the ongoing China Economic Development forum. Considering clients demand and risk dilution, Chinese banks are eager to go global, Guo said on the forum, stressing CCB sticks to localization, other than direct control of the banks. Compared with leading global banks, overseas performance is still weak in Chinese banks. read more
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