Financial Times FT.com

Foreign groups rebuff lender

By Francesco Guerrera

Published: September 12 2004 22:56 | Last updated: September 12 2004 22:56

Bank of China, one of the big four state-owned lenders, is struggling to find foreign partners after several international banks turned down the chance to buy a stake in the run-up to a planned $3bn-$4bn listing.

The difficulties highlight foreign investors' growing concerns over the large investments required to buy small stakes in Chinese companies that rarely give them significant influence over the operations.

bank of china

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