Fed Allows Chinese Banks To Expand In U.S. | WAMU 88.5 - American University Radio
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Fed Allows Chinese Banks To Expand In U.S.

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The Federal Reserve has announced three of China's largest state-owned banks have been given approval to expand their operations in the U.S. Analysts say that ICBC, China investment Corp., and Central Huijin Investment will likely look to purchase regional U.S. banks and establish a footprint in the American market.
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