Bank of China listing could provoke backlash – Francesco Guerrera

From the Financial Times (link)

Bank of China, the country’s third-largest lender, will this week seek regulatory approval to raise up to US$8bn in Hong Kong, in a listing that could hand foreign investors led by Royal Bank of Scotland a paper profit of more than US$4bn.

But news that the RBS consortium – which includes the tycoon Li Ka-shing’s charitable foundation, Merrill Lynch and hedge funds – stands to more than double the value of its investment in less than a year could deepen an anti-foreigner backlash in China.

CDT EBOOKS

Subscribe to CDT

SUPPORT CDT

Browsers Unbounded by Lantern

Now, you can combat internet censorship in a new way: by toggling the switch below while browsing China Digital Times, you can provide a secure "bridge" for people who want to freely access information. This open-source project is powered by Lantern, know more about this project.

Google Ads 1

Giving Assistant

Google Ads 2

Anti-censorship Tools

Life Without Walls

Click on the image to download Firefly for circumvention

Open popup
X

Welcome back!

CDT is a non-profit media site, and we need your support. Your contribution will help us provide more translations, breaking news, and other content you love.