April 1, 2009
If you want to invest in Chinese banks, that's cool. But once you do, stay for a while, all right?
According to reports, a top banking regulator says foreign investors in Chinese banks will soon be required to "lock-up" for five years. Right, now the minimum is three years. But in this global recession, any foreign banks are selling their stakes in Chinese banks and running as soon as that 3rd year is up.
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