di chi sono le banche europee ? del partito comunista cinese - gz
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By: GZ on Martedì 24 Luglio 2007 03:57
Oggi la seconda banca cinese (quella che solo tre anni fa era sospettata di essere un colabrodo e quest'anno ha raccolto in borsa 10 miliardi), ^investe 13 miliardi in Barclays, la terza banca inglese, comprandone un 19%#http://www.marketwatch.com/news/story/barclays-looks-east-fund-new/story.aspx?guid=%7B273CEEA5%2D1246%2D44E0%2DB0B4%2DB1AAC48C312B%7D^ consentendole di alzare il prezzo di OPA per ABN Amro e diventandone il maggiore azionista
La China Development Bank appartiene al governo e questo è controllato dal partito comunista cinese, quest'ultimo dopo aver appena comprato una quota di Blackstone il mese scorso è ora investito e maggiore azionista della maggiore banca europea, ABN Amro-Barclays.
D'Alema e Consore che volevano comprare BNL togliendola a ABn Amro per l'ex-partito comunista italiano erano sulla stessa linea e sono stati solo maldestri.
Il mercato è così forte perchè ha sotto l'alleanza tra i governi, specialmente asiatici e i vertici della finanza occidentale
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Brad Setser / Jul 23, 2007
The alliance between the Chinese state – lest we forget, still a (nominally) ^communist state -- and the high priests of global financial capitalism is close to complete#^.
Goldman, Royal Bank of Scotland and Bank of America all have invested in China’s big state banks, effectively partnering up with China’s government. And China’s government is now an equity investor in Blackstone and – with a bit of Blackstone help – looks to be taking a stake in an (expanded) Barclays as well. Technically, the investment in Blackstone came from the new investment company while the cash for Barclay's is coming from China Development Bank, but, well both ultimately have the same owner. I presume some part of China's government will soon buy an equity stake in a major hedge fund or investment bank as well. Why not go for the trifecta ..
Commercial banks used to be robbed, according to the famous quip, because that was where the money was. Now the money is in the hands of China's government. And China seems willing to deploy it far more aggressively than in the past. The formation of the state investment company seems to signaled a decision to go straight from bonds to strategic stakes, without bothering to fiddle with small, liquid holdings in a range of companies. Any one looking for financing to do a really big deal will, I would guess, soon make a pilgrimage to Beijing.
Dr. Dooley, Dr. Garber and Dr. Folkerts-Landau have long argued that China needs to hold liquid foreign exchange reserves -- think US Treasuries -- as collateral against foreign investment in China. But China's state no longer seems all that interested in swapping Chines equity for low-yielding debt denominated in a depreciating currency. Western banks investment in China’s large state banks should be offset by equally large Chinese investment in large western financial institutions. Rather than swapping equity for debt, China's government wants to swap equity for equity.