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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (22497)	1/31/2005 12:02:23 PM
From: RealMuLan	Read Replies (1) \| Respond to of 116555

>>The big change isn't regulatory but the partial privatization via IPOs of the four major Chinese banks<< Mish, IPOs of China's state banks definitely and absolutely do not mean privatization of the state banks. Privatizing to whom? Isn't shareholders called "public"? How could these people have this idea?<g> State banks are Chinese people's and thus Chinese gov. asset. They will not be privatized. BTW, if I understand correctly, isn't the Great Britian Bank also belongs to the British gov. (publically owned)? There will be plenty of new privatized banks emerging in China in the near future, but those are privately funded.