WHAT CAN THE WEST OFFER CHINA?

摘要

The news in June that Chinese brokerage Citic Securities had agreed to buy a 19.9% stake in the brokerage and research arms of French bank Credit Agricole - namely Paris-based Chevreux and Hong Kong-based CLSA - was seen by many as a sign that China's strong and ambitious banks were beginning to seriously flex their muscles outside of their domestic market, and with shares in many Western banks going cheap, perhaps the time was ripe for investing in western European or North American lenders.