Summary
The move by the state-controlled China Development Bank for a pounds 1.5 billion stake in Barclays marks the latest flexing of financial muscles by the Chinese government.
Analysts believe that as far as the Chinese are concerned, their investment in Barclays bears two of the hallmarks of Beijing's emerging global investment strategy - opportunism and surprise.See the full content of this document
Extract
China Flexes Pounds 1.5bn of Muscle ; Banking
As with its pounds 1.5 billion investment in US private equity giant Blackstone, China is buying into Barclays because it can.
Head of Asia sovereign ratings for Fitch Ratings in Hong Kong, James McC...See the full content of this document
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