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Banking: Overseas investors pursued
(Xinhua)
Updated: 2006-03-22 15:14
Industrial and Commercial Bank of China Ltd. (ICBC), the country's largest
bank in terms of assets, has established "strategic" ties with Goldman Sachs in
a move to help build itself into a modern, sophisticated banking giant.
A special team has been set up to cooperate in different areas such as risk
management, assets management, investment banking and training, ICBC said in a
statement.
"ICBC's pursuit of overseas investors is not only for capital but also for
international expertise and technology to boost its corporate management," said
Jiang Jianqing, chairman of ICBC.
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