Bank of China desperately searching for strategic investors

Sep 7, 2004

Speculation swirls around Citibank and JPMorgan; Could CNOOC and Sinopec ride to the rescue?

Bankers believe Bank of China is coming under severe pressure to find acceptable investors ahead of its international IPO in 1H05 now that international heavyweight HSBC has tied the knot with Bank of Communications and UBS and Deutsche have reportedly quietly pulled out of discussions.

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