Captain America to the rescue?

A $3 billion investment by Bank of America in CCB may lift sentiment, but does not solve its IPO dilemma say China watchers.
June 16, 2005

"This is huge - really pleased", was the delighted response of one banker close to China Construction Bank's (CCB)IPO in the aftermath of Friday morning's announcement that Bank of America (BOA) is to buy a 9% stake in the banking giant for $3 billion.

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