Get the free version of Marbridge Daily delivered to your inbox

Click here to subscribe

China Mobile Bank Purchase Meets Government Opposition

Netease Tech, 3/08/10

Although China Mobile (NYSE: CHL; 0941.HK) confirmed in a March 3 filing that it would purchase a stake in the Shanghai Pudong Development Bank, the company's plans are still uncertain due to opposition by the State-owned Assets Supervision and Administration Commission (SASAC). "We oppose the expansion of centrally-owned corporations into areas outside their primary focus," said SASAC official Liu Nanchang. Liu said that SASAC had never supported mergers between industry and finance.

Keywords: Liu Nanchang policy M&A China Mobile wireless Shanghai Pudong Development Bank SASAC CHL 0941.HK


Please note, all fields are required.
None of your personal information will be shared with third parties.



The information contained in this newsletter is based upon sources that Marbridge Consulting believes to be reliable, and we have made every effort to translate the original articles or article excerpts as faithfully as possible. However, Marbridge Consulting makes no warranty of and assumes no legal responsibility for the accuracy of either the original source material or the English language translations.

Marbridge Daily Premium

Interested in gaining full access to all newsletter articles and the Marbridge Daily archive? To learn more about premium subscription options, including pricing, please:

Click here

Marbridge Consulting RSS Feed

Marbridge Reports