China's Construction Bank Buys AIG Finance. Is This the Start of a New Trend? [View article]
What's the author's point?
Somehow for all these rehashing of the simple news of a very modest aquisition, the author managed to NOT add any insight of his own, not to mention that he also failed to notice this 'AIG Finance' is only a local Hong Kong credit card Issuer. CCB already does business in HK. There is nothing particularly 'East-West' in this transaction. Unlike some other Chinese banks such as ICBC and China Development Bank, CCB has been very timid outside its borders.
China's Construction Bank Buys AIG Finance. Is This the Start of a New Trend? [View article]
Somehow for all these rehashing of the simple news of a very modest aquisition, the author managed to NOT add any insight of his own, not to mention that he also failed to notice this 'AIG Finance' is only a local Hong Kong credit card Issuer. CCB already does business in HK. There is nothing particularly 'East-West' in this transaction. Unlike some other Chinese banks such as ICBC and China Development Bank, CCB has been very timid outside its borders.