Citic Near-miss Feeds Chinese Fears

From Financial Times :

While the situation at Bear Stearns was deteriorating this past week, Donald Tang, its Los Angeles-based vice-chairman, was in Beijing, trying desperately to get Chinese regulators to approve the ailing investment bank’s tie-up with Citic Securities – a deal that Mr Tang had been pursuing for two years.

When the talks began in March 2005, the deal was seen as a share exchange between an established Wall Street powerhouse and a young Chinese firm. By last autumn, though, Bear had become the weaker of the two, and the Chinese brokerage’s market value was much bigger.

Categories :

Tags :,

CDT EBOOKS

Subscribe to CDT

SUPPORT CDT

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.