Bank of America (Bank of America) have been sold in China last one of the four major state-owned banks, and its stake to 1.47 billion dollars.
Bank of America said Wednesday it sold 200 million shares, or 1 percent, China Construction Bank was HK $ 5.70 (73.5 cents). Two years ago, it sold $ 830 million worth of loans in China's shares.
In the past decade, Bank of America and other Western banks to buy in China's major state-owned commercial loans ahead of IPO shares.
Aims to establish partnerships in order to help them to expand investment in China, but most are disappointed.
Nevertheless, China's banking stocks value multiplied by winning their foreign investors billions of dollars in profits.
 



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