Spanish bank invests in rural China

Banco Santander is planning a $400 million+ joint venture with China Construction Bank to develop rural China. One possible perk, China South America points out, is that they may be able to bypass the 20% ownership limit for foreign ownership of urban banks.

See China South America for more details.


by Jason Li, in Mainstream.
March 11, 2010 – 7:06 am

2 Comments

  1. Bennett Reiss
    Posted March 11, 2010 at 12:08 pm | Permalink

    Glad you picked up on the significance of such a move and much thanks for the shout out on your site. Sadly, this post (along with 3 others) have been victim of constant spam comments so I made it private just this afternoon. I think i’ll re-post and send you a link tomorrow. Once again thanks and great site you got going on here.

  2. Jason Li
    Posted March 11, 2010 at 12:13 pm | Permalink

    No problem, glad to promote such an interesting niche on China. Is there any greater significance between Spanish-Chinese relations that I’m missing btw?

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  1. By Spanish Bank Invests in Rural China | :: 88 Bar on March 11, 2010 at 8:30 pm

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