With its $ 3 billion Chinese State Bank China Construction Bank, Bank of America – the second U.S. bank Citigroup behind in terms of assets and market capitalization – was one of several foreign banks directly to China’s banking sector reform. The reform of the banking sector was considered by some analysts as an important complement to the liberalization of capital movements and other changes to China’s exchange rate regime.

With its $ 3 billion Chinese State Bank China Construction Bank, Bank of America – the second U.S. bank Citigroup behind in terms of assets and market capitalization – was one of several foreign banks directly to China’s banking sector reform. The reform of the banking sector was considered by some analysts as an important complement to the liberalization of capital movements and other changes to China’s exchange rate regime.
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from
Laura Alfaro,
Rafael Di Tella,
Ingrid Vogel
Source: Harvard Business School
9 sides.
Release date: 06 March, 2006. Prod #: 706031-PDF-ENG
China: Not to swim or float? (D): Bank of American Strategic Investment in China Construction Bank HBR case solution