Going global
Source: Xinhua |
June 4, 2010, Friday
|
Print Edition
Print Edition
THE Industrial and Commercial Bank of China will use the global economic recovery to advance the globalization process as well as deal with challenges with patience, the ICBC chief has said.
Jiang Jianqing, chairman of ICBC's board of directors, made the remarks during a discussion on Wednesday at the 8th World Investment Conference in La Baule, France.
With the development of China's financial reform, the interaction between China and the foreign financial industry grows much closer, Jiang said. He said Chinese financial institutions were gradually becoming a vital power on the global stage with their prudent and active merger and acquisition activities.
By the end of 2009, China's five major banks had established 84 business institutes overseas.
Jiang Jianqing, chairman of ICBC's board of directors, made the remarks during a discussion on Wednesday at the 8th World Investment Conference in La Baule, France.
With the development of China's financial reform, the interaction between China and the foreign financial industry grows much closer, Jiang said. He said Chinese financial institutions were gradually becoming a vital power on the global stage with their prudent and active merger and acquisition activities.
By the end of 2009, China's five major banks had established 84 business institutes overseas.
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