Chinese and U.S. regulators are reportedly negotiating an agreement aimed at encouraging Chinese...

|By:, SA News Editor

Chinese and U.S. regulators are reportedly negotiating an agreement aimed at encouraging Chinese firms to buy into small and medium-sized U.S. banks, something Chinese bankers complain has been difficult for them in the past. The shift highlights how the global financial landscape has been redrawn post crisis, with cash-rich Chinese banks now a force to be reckoned with.