Foreign queue lengthens outside China banks

There is seemingly no end to the list of foreign banks and investors eager to invest huge sums in China’s state-owned banks. The latest is Singapore government-funded private-equity fund Temasek Holdings, which confirmed persistent rumours that it would invest $1 billion in China Construction Bank’s forthcoming IPO as well as purchase additional existing shares. CCB had already announced a $3 billion investment from Bank of America.

Now the Hong Kong’s rumourmongers have started whispers about possible overseas investments in another government-controlled lender, Industrial and Commercial Bank of China.