Aggregated China Business Blogs



HSBC to Takeover Failed Taiwanese Bank; Eyes Shanghai Listing

Aggregated Source: China Stocks News and Analysis from Seeking Alpha
December 15, 2007|

HSBC Holdings (HBC) will be paid the US$ equivalent of $1.46 billion by Taiwan's government to take over Chinese Bank, a unit of the failed Rebar Group. HSBC plans to invest $300M to $400M of new capital into Chinese Bank to boost its capital ratios.

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