ICBC, CIC, and Central Huijin Get Fed Approval to Acquire US Retail Bank Shares
Posted on 05/10/2012
The Industrial and Commercial Bank of China Limited (ICBC), China Investment Corporation, and Central Huijin Investment Ltd. received approval from the Federal Reserve on Wednesday to acquire shares of a bank unit. ICBC is on a campaign to acquire overseas assets to reduce exposure in the domestic market. In addition, Chinese banks are eager to […]
