ANZ latest to sell Chinese bank stake

Australian bank sells its stake in Shanghai Rural Commercial Bank, marking yet another withdrawal of Chinese bank ownership by a foreign firm.
January 03, 2017

ANZ announced on Tuesday that it will sell its entire 20% stake in unlisted Shanghai Rural Commercial Bank, underscoring the diminishing appeal of owning a majority stake in a Chinese lender.

¬ Haymarket Media Limited. All rights reserved.

Sign in to read on!

Registered users get 2 free articles in 30 days.

Subscribers have full unlimited access to FinanceAsia.

Not signed up? New users get 2 free articles per month, plus a 7-day unlimited free trial.

Questions?
See here for more information on licences and prices, or contact [email protected].

Share our publication on social media
Share our publication on social media