CIFH buy may boost CITIC's global reach
By Hu Yuanyuan | China Daily | Updated: 2009-05-12 08:10
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A man walks into a China CITIC Bank Corp branch in Shanghai. Bloomberg News |
China CITIC Bank will place risk integration and capital management on top of the agenda after taking control of a 70.32-percent stake in CITIC International Financial Holdings Ltd (CIFH) for HK$13.6 billion, a company executive said yesterday.
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