From MarketWatch (link)
China’s largest bank by assets and Goldman have set up seven work groups that will focus on nonperforming loan management, risk management, fund transaction, corporate and investment banking, asset management, corporate governance, and personnel training.
ICBC President Yang Kaisheng and Goldman’s chief executive for Asia, Michael Evans, will co-chair a joint committee for strategic cooperation.
“ICBC isn’t just getting capital by attracting a strategic investor. More importantly, we want to attract advanced international ideas and methods of management to improve corporate governance,” said ICBC Chairman Jiang Jianqing in a statement.
