Bank of China in Britain

http://www.futureofcapitalism.com/2009/08/bank-of-china-in-britain

The Chinese state-owned Bank of China is expanding in the British home-mortgage lending market, Bloomberg reports. We noted earlier a Financial Times article reporting that "the three largest banks in the world by market capitalisation are all Chinese." One wonders whether the presence of state-owned firms as full participants in ostensibly capitalist and free-market economies tends to erode the expectation or norm that firms will be privately owned.

by Editor  |  Aug 20, 2009 at 9:50 am Related Topics:  China receive the latest by email: subscribe to the free futureofcapitalism.com mailing list