久久亚洲国产成人影院-久久亚洲国产的中文-久久亚洲国产高清-久久亚洲国产精品-亚洲图片偷拍自拍-亚洲图色视频

  Home>News Center>China
       
 

China's two biggest banks sign $6B in deals
(AP)
Updated: 2005-08-31 20:26

China's two biggest state-owned commercial banks have signed preliminary agreements to receive foreign investments worth a total of $6 billion, a press report and an official at one of the Chinese lenders said Wednesday, the Associated Press reported.

Investors including Goldman Sachs Group Inc., American Express Co. and Allianz AG of Germany signed a deal Tuesday to buy a 10 percent stake in China's biggest lender, Industrial & Commercial Bank of China, for more than $3 billion, said an official at the ICBC's Beijing headquarters, speaking on condition he not be named.

The official said the investment would be made after the bank is restructured as a stockholding company in mid-October.

"The MOU was signed yesterday morning, and Goldman has the largest share," he told Dow Jones Newswires, referring to a memorandum of understanding. "The deal isn't formalized, but I don't think it will change much."

Meanwhile, Singapore government-owned Temasek Holdings Pte. Ltd. was preparing to pay about $3 billion for about 10 percent of China's second-largest bank, Bank of China, the Asian Wall Street Journal reported.

Bank of China spokesman Wang Zhaowen said he could not confirm the report, and Temasek Holdings spokeswoman Eva Ho refused comment on it.

Foreign banks have been staking out strategic alliances in China, hoping to be well-positioned for the eventual full opening of the banking industry to foreign competition in late 2006. Chinese banks are being encouraged to seek such partnerships to help bolster their capital and improve management.

The newspaper said that according to the memorandum with ICBC, Goldman Sachs was investing between $1.7 billion and $1.8 billion in ICBC; Allianz would pay about $1 billion, while American Express would buy up to $300 million worth of shares.

The agreement values the Chinese bank at $30 billion, about on par with its end-June net asset value of 252.5 billion yuan ($31 billion), the report said.

Also on Wednesday, the state-owned Agricultural Bank of China, the country's fourth-biggest lender, signed an agreement on cooperation with the Italian banking group Capitalia SpA.

The pact involves sharing customer bases and developing further cooperation, the bank said in a statement on its Web site. Banca di Roma SpA, a unit of Capitalia SpA, confirmed the two sides would cooperate.

Earlier this month, the Royal Bank of Scotland Group PLC announced a $3.1 billion investment that will give the British bank control of a 10 percent stake in the Bank of China.

RBS is contributing $1.6 billion of the investment, giving it a direct stake of just over 5 percent. But it will also take control of the full 10 percent on behalf of co-investors Merrill Lynch & Co. and Li Ka-shing, the Hong Kong-based tycoon who controls the conglomerate Hutchison Whampoa Ltd.

Chinese law limits foreign shareholders to a total of not more than 25 percent equity share in its state-owned banks. Individual foreign banks can only hold up to 20 percent shares.

China wants to raise money to modernize its state-owned banking industry by selling minority stakes to foreign investors while retaining control of the institutions. All of its major commercial banks are planning to sell shares abroad.

On Tuesday, Bank of China announced it has chosen three foreign consultants to prepare for its overseas initial public offering: Bank of China International, the parent bank's Hong Kong-based investment bank, Goldman Sachs, and Swiss bank UBS AG.



Flood-ravaged school has new teaching building
Leshan giant buddha
Explosion near Sanlitun
  Today's Top News     Top China News
 

European protectionist fiasco a lesson for the US

 

   
 

Bridge stampede in Iraq leaves 650 dead

 

   
 

7,000 coal mines to close in crackdown

 

   
 

US crews pass dead to reach storm survivors

 

   
 

Official lauds KMT role in anti-Japan war

 

   
 

Report: China banks sign investment deals

 

   
  China to buy US goods to reduce surplus
   
  Chinese woman recounts US border beating
   
  Nuke talks to resume in week of Sep. 12
   
  WHO praises China signing anti-tobacco pact
   
  China, US begin 4th round of textile talks
   
  China offers Sri Lanka assistance package
   
 
  Go to Another Section  
 
 
  Story Tools  
   
  News Talk  
  It is time to prepare for Beijing - 2008  
Advertisement
         
主站蜘蛛池模板: 久久久午夜精品理论片 | 国产精品成人免费观看 | 国产一级精品毛片 | 成人a免费α片在线视频网站 | 欧美一级久久久久久久久大 | 99视频在线看观免费 | 狠色狠狠色狠狠狠色综合久久 | 亚洲精品日韩专区在线观看 | 97国产免费全部免费观看 | 国产三级小视频 | 日本免费人成黄页网观看视频 | 久久99精品视香蕉蕉 | 三级三级三级网站网址 | 国内成人精品亚洲日本语音 | 亚洲视频观看 | 亚洲天堂影院在线观看 | 九九热视频在线免费观看 | 欧美日韩在线观看区一二 | 日韩欧美印度一级毛片 | 97视频在线免费观看 | 久久久久久全国免费观看 | 毛片手机在线 | 国产性自拍 | 欧美一区二区三区激情视频 | 成年女人aaaaa毛片 | 亚洲国产精品久久久久久 | 免费一级成人免费观看 | 精品久久网| 伊人色综合久久成人 | 欧美成人精品不卡视频在线观看 | 亚洲va精品中文字幕动漫 | 欧美日本一道高清二区三区 | 日韩一级黄色毛片 | 亚洲午夜在线 | 亚洲视频日韩 | 中文字幕第9页 | 欧美一级毛片怡红院 | 精品理论片一区二区三区 | 国产一区在线观看免费 | 国产一区a | 91热久久 |