The Chinese Government started out reforming the banking sector drastically in 2005 by allowing Shanghai based Lender of Communications ("BCom") list on the Hong Kong STOCK MARKET.
BCom was a pathfinder in the reform as HSBC, one of many UK's major financial groups was permitted to become its biggest international shareholder holding forget about 20% of its shares, the most significant percentage allowed under Chinese laws for foreign interests.… […] Read
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