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| Friday, October 10, 2008 21:04:33 |
BoCom eyes offshore M&A with HSBC
Bank of Communications (BoCom) chairman Jiang Chaoliang told the Shanghai Business Journal the Chinese lender was considering teaming up with HSBC, which owns a 19% stake in the bank, to seek overseas acquisitions. “With the RMB appreciating steadily and foreign banks being downgraded by subprime loans, it is now a good time for Chinese banks ...
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