Global banks grapple with China joint ventures
Offshore lenders weigh raising stakes in local securities houses despite tight margins
In 2006, as Beijing was getting ready to host the Olympic Games two years later, Wang Qishan, the city’s mayor, encountered a problem from an unlikely quarter: a state-run but struggling securities house called Beijing Securities.
Wang, who was later to become China’s anti-corruption tsar, wanted to avert the danger of an embarrassing run on a state-owned firm during or in the lead-up to the event and called in UBS to bail out the firm, which the Swiss bank duly did.
“Wang didn’t want to end
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe
You are currently unable to print this content. Please contact [email protected] to find out more.
You are currently unable to copy this content. Please contact [email protected] to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
