ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan held …
Read More »Investors shun China small banks despite half-price deals
Bloomberg To see how little investors love China’s small banks, look no further than the nation’s largest online auction site. On Alibaba Group Holding Ltd’s Taobao platform, a Chinese court tried to auction off 1.5 million shares of a rural bank in the eastern Zhejiang province for a starting price of $161,000 — about half their appraised value. After three …
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