China blocks Carlyle bid for bank
Article Abstract:
A bid for an 8% stake in China's Chongqing Commercial Bank Co. by US investment bank Carlyle Group L.P. has been rejected. Chongqing states that Carlyle's bid, valued at $43 mil, did not receive regulatory approval as its purchasing vehicle did not meet requirements.
Publisher: Dow Jones Publishing Co. (Europe)
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2007
Investment Banking and Securities Dealing, Investment Banking, Financial management, Securities issued, listed, Security brokers and dealers, Investment banks, Company investment, Investments, Securities, Company securities, Carlyle Group L.P.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2007
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Beijing clears the path a bit for foreign banks: lenders' local units get a key approval, but issues remain
Article Abstract:
The Chinese government is allowing foreign banks to establish locally incorporated units, making it easier for them to operate in China. This will allow the banks to conduct business with Chinese individuals, instead of only doing business with corporations.
Publisher: Dow Jones Publishing Co. (Europe)
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2007
United Kingdom, United States, Foreign operations, International economic relations, Services discontinued, Service discontinuation, Trade policy
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2007
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Comment about this article or add new information about this topic:
Subjects list: United States, China, Banking industry, Laws, regulations and rules, Government regulation
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