With its $ 3 billion investment in a Chinese state bank China Construction Bank, Bank of America - the second U.S. bank Citigroup for by assets and market capitalization - was one of several foreign banks that are directly involved in the reform of China's banking sector. Reform of the banking sector, according to some analysts, an important addition to capital account liberalization, and further change the exchange rate regime in China. "Hide
by Laura Alfaro, Rafael Di Tella, Ingrid Vogel Source: Harvard Business School 9 pages. Publication Date: Mar 06, 2006. Prod. #: 706031-PDF-ENG
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