Kurbaan Movie Review, Mp3 Songs Download, Torrent, Kareena Kapoor, Trailer Video
Thu, 19/11/09 – 11:10 | No Comment

Kurbaan movie directed by Rensil D’Silva and produced by Karan Johar will be released on 20th Nov 2009.
The film stars real life couple Saif ali khan , Kareena Kapoor, vivek Oberoi , Om Puri etc
The …

Read the full story »
Aishwarya Rai

All about China

All about India

Bollywood

Live Cricket Streaming

Home » All about China, Business in China, China, Doing Business in China

World’s Largest IPO Achieved by Industrial & Commercial Bank of China, Ltd.

Submitted by Bill Belew on Monday, 23 October 2006No Comment

The Industrial & Commercial Bank of China raised $19.1 billion to achieve the world’s largest IPO - more than twice Citigroup Inc’s market value.

More than 48 billion shares were sold at $0.39 each.

Holy smokes! That’s a lot of shares for a quarter, dime and a nickel.

And still more shares may be put on the block.Industrial Commercial Bank of China.jpg

ICBC’s market value may soon exceed Mistubishi UFJ Financial Group’s $135 billion before long to make it the world’s fifth largest bank…but still a far cry from Citigroup valued at $248 billion.

What I see is that China now has more money to feed into its economic expansion AND more money to throw are state companies that don’t pay it back.

China’s banks had as much as a 30% default rate on loans in as late as 2000.

So, how much more money do the banks have to throw away now?

And, When will there be an accounting?

What do you think?

You May be Interested in :

Leave a comment!

Add your comment below, or trackback from your own site. You can also subscribe to these comments via RSS.

Be nice. Keep it clean. Stay on topic. No spam.

You can use these tags:
<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

This is a Gravatar-enabled weblog. To get your own globally-recognized-avatar, please register at Gravatar.

PANASIANBIZ      COSMOFAIRNETWORKS