News Digest: Big Bang for the Banks

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A flurry of investment into Chinas banks heralds new developments in the industry. As foreign banks and investment banks seek market penetration and deal flow, their Chinese counterparts will benefit from incoming expertise, technology, governance and capital.

American Express, Bank of America, Citibank, CSFB, Goldman Sachs, Merrill Lynch, Morgan Stanley, UBS, RBS and others are all in the ring as investors or advisors, and and the markets will watch with interest as their strategies unfold, and as China’s financial system continues to develop.

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FT Business will hold a “Banking on China” conference in London on 24 November, 2005. Follow this link for details.

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