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Mainland Bank in USA

rffrydr
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Joined: 30 Oct 2005
Posts: 16939
Location: Sunny California

Posted: Sat Apr 07, 2007 11:00 pm Post subject: Mainland Bank in USA

1st in wave?

http://www.marketwatch.com/news/story/china-merchants-bank-tries-ny/story.aspx?guid=%7B9DD88A53%2DF4B1%2D4F1B%2DA520%2D11BF182C6759%7D

Quote:

Now banks from China, whose enormous export engine has made the country's manufacturers flush with U.S. dollars, are looking to open U.S. branch operations where they can directly access cash markets and finance their clients' U.S. expansion in the local currency.

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