Financial China

Bruised Bank of China comes home

  • Published 26 Nov 2009

China's most international bank shifts its focus back home to recover losses from earlier subprime exposure.

Much of the talk surrounding the Industrial and Commercial Bank of China (ICBC), the world's largest bank by market capitalisation, concerns its rapid moves overseas. In contrast, the Chinese bank with the longest international tradition, Bank of China (BoC) (3988:HKG), has used 2009 to 'come home'.

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