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Thread: China's Construction Bank landing on A share moarket!

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[quote=JIMMYB,248175]Why do those state owned banks go public? This is part of their reform plan. China has promised to open its financial market to foreign banks and institutions. And more and more fireign banks have entered China to compete with domestic banks no matter they are state owned or commercial banks. In order to improve their competence and secure China's financial market develop heathily, those banks need large amount of money. Going public is the quickest and the most effective way to raise capitals. In this aspect, it is good to let those banks go public.

On other hand, I strongly support those banks to reform. Since they are owned by state, they have almost controlled the financial area. This is not good for China to fufill its promise to open its financial market. What's more, there are some advantages if those state banks are sold to individuals. In order to survive the competition, I believe that their servive will be improved a lot. For customers, it is good.[/quote]

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