The Industrial and Commercial Bank of China (ICBC) was listed last month in Hong Kong and Shanghai.
Instead of picking another bank to partner up with, ICBC chose a consortium led by Goldman Sachs, including Allianz Group and American Express Co.
The consortium bought 8.89% of ICBC shares making their investment the largest single foreign investment in China's financial sector.
A senior executive gave three reasons for the decision to work with Goldman Sachs:
Continue reading...
why ICBC Chose Goldman Sachs Consortium
samnut (2006-11-09 14:17:37) 评论 (5)The Industrial and Commercial Bank of China (ICBC) was listed last month in Hong Kong and Shanghai.
Instead of picking another bank to partner up with, ICBC chose a consortium led by Goldman Sachs, including Allianz Group and American Express Co.
The consortium bought 8.89% of ICBC shares making their investment the largest single foreign investment in China's financial sector.
A senior executive gave three reasons for the decision to work with Goldman Sachs:
Continue reading...