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Re: Ebiz247 post# 52462

Thursday, 06/28/2007 12:01:01 AM

Thursday, June 28, 2007 12:01:01 AM

Post# of 143047
Here is another article about the The Yin & Yang of U.S. Bank Interest in China. Great information about U.S. Banks interest in China Banks. Just think, EFGO is getting involved with the Chinese Banks and if it all works out, they will be in on the ground floor.

| SYNOPSIS | China is opening up its banking markets to foreign investors as a requirement of its membership in the World Trade Organization. The largest U.S. banks, in particular, are poised to pursue the opportunities in 2007, when ownership rules become more liberalized. Risks include the antiquated condition of China’s banking system, which today survives only with government support. Over time, China’s technological prowess is expected to positively influence U.S. bank growth and development, specifically in next-generation computing and telecommunications.

****Take a look at the complete article at the following link***

Link: http://www.bai.org/bankingstrategies/2006-nov-dec/YinandYang/