Photographer: David Paul Morris/Bloomberg

Top Chinese Banks Have Long Way to Go With Asian Expansions

Updated on
  • 9% of Asian firms use China banks for cash management: survey
  • Lenders made $16 billion of Asia purchases in past decade

After spending more than $16 billion on Asian acquisitions in the past decade, China’s banks still have a long way to go before their regional forays start to have a meaningful impact on earnings.

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