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Sovereign Wealth Funds Briefing - Categorized | Compliance/Regulation/Legal

Fed approves Chinese bank CCB to open office in US

Posted on 09 December 2008

From Todayonline.com: The US Federal Reserve said Monday it had authorized China Construction Bank, a leading Chinese state bank, to operate in the United States.

The proposed New York City branch of CCB “would engage in wholesale deposit-taking, lending, trade finance, and other banking services,” the Fed said in a statement….. Full Article: Source


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