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Could US-China tensions hinder Beijing’s plans to integrate further with global financial markets?

Summary:
[unable to retrieve full-text content]The pressure is on for Chinese banks now the country is opening its financial sector to top-flight global competitors.That’s the message from Wang Kun, deputy general manager of the international banking department at the Industrial Commercial Bank of China (ICBC), one of China’s so-called big five banks.“We see competition, with more participants going for the same trophy not only in the traditional retail or corporate banking sectors, but it is also coming from capital markets, where Chinese…

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[unable to retrieve full-text content]
The pressure is on for Chinese banks now the country is opening its financial sector to top-flight global competitors.That’s the message from Wang Kun, deputy general manager of the international banking department at the Industrial Commercial Bank of China (ICBC), one of China’s so-called big five banks.“We see competition, with more participants going for the same trophy not only in the traditional retail or corporate banking sectors, but it is also coming from capital markets, where Chinese…

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