| HBS Case Collection
(Revised from original 2006 version)
China: To Float or Not To Float? (D)- Bank of America's Strategic Investment in China Construction Bank
With its $3 billion investment in Chinese state bank China Construction Bank, Bank of America--the second U.S. bank behind Citigroup in terms of assets and market capitalization--was one of several foreign banks directly participating in China's banking sector reform. Banking sector reform was considered by some analysts to be an important complement to capital account liberalization and further changes to China's exchange rate regime.
Keywords: Currency Exchange Rate;
Banks and Banking;
Foreign Direct Investment;