China could stand to gain considerable financial returns with moderate risks by investing its foreign exchange reserves in major US banks. According to a study in China & World Economy published by Wiley-Blackwell, it would be financially beneficial for China to help its strategic partner, the USA, and the world economy in general.
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At the beginning of 2009, it greets the financial reform of China as tidings of great joy, that the Agricultural Bank of China Limited (ABC) celebrates its inauguration in Beijing on January 16th, 2009. The inauguration indicates not only a critical triumph for the Bank's shareholding reform, but also the final stage for reforming the wholly state-owned commercial banks of the country.
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Wing Lung Bank Ltd., whose majority shareholders are considering a sale, reported the biggest gain in 16 years in Hong Kong on a report that potential buyers will pay a premium for control of the company.
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NCR Secures Significant ATM Orders Totaling Over 5,600 Units from Top Four Chinese Commercial Banks in 2006
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China's global trade surplus in 2006 was the highest ever, and Chinese banks will be allowed to issue yuan-denominated bonds in Hong Kong for the first time. Claudia Blume in Hong Kong has more on these or other stories in our weekly look at business news around Asia.
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