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