Most of the key investments in China’s largest state-owned banks have been settled, but international investors are still eager to pour money into the sector.
Industrial and Commercial Bank of China (ICBC), China’s largest lender, is rumoured to be in discussions with the investment arms of Abu Dhabi and Kuwait, no doubt keen to find a way to spend all of their new oil dollars after the recent price bonanza.
Other than cash, it is hard to see what Middle Eastern investors would bring to the China banking party.
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