Publications
Publications
- March 2006 (Revised November 2006)
- HBS Case Collection
China: To Float or Not To Float? (D)- Bank of America's Strategic Investment in China Construction Bank
By: Laura Alfaro, Rafael M. Di Tella and Ingrid Vogel
Abstract
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; International Relations; Banking Industry; China; United States
Citation
Alfaro, Laura, Rafael M. Di Tella, and Ingrid Vogel. "China: To Float or Not To Float? (D)- Bank of America's Strategic Investment in China Construction Bank." Harvard Business School Case 706-031, March 2006. (Revised November 2006.)
About The Authors
