“This is the case to set a precedent. For the first time, there is a legal basis for public participation. If it happens, it would be a major step forward.”
“Citigroup is a latecomer to China's banking industry and it has catching up to do. It makes more sense for Citigroup to explore other options, such as taking stakes in Guangdong Bank, which also has a national distribution network, to help them expand.”
“We can check the system to find out whether a loan applicant has a poor credit record or has paid back previous loans to decide whether we will offer him a loan.”
“The objective is to slow down investment growth and loan growth which were higher than the targets set by the government. This won't be the only move and more administrative measures are likely to come.”
