China Bank Lashes Out at U.S. Regulator's Comments

Published on:
12 September 2006 at 10:20 a.m. ET

Written by: Unknown Author –

http://www.insidearm.com/news/00022939-china-bank-lashes-out-at-us-regulators-co/

China Construction Bank, one of the country’s biggest banks on the brink of a massive share flotation, lashed out at the U.S. securities regulator for his remarks on its listing preparations.

Construction Bank, which will start trading on Oct. 27 in the largest share offering globally so far this year, said that comments by chairman of the U.S. Securities and Exchange Commission Christopher Cox were “inappropriate” and “irresponsible”.

Cox said on the sidelines of a Group of 20 meeting that the reason why the bank did not list on the New York Stock Exchange was because “it couldn’t meet the NYSE regulatory requirements.”

For this complete story, please visit China Bank Lashes Out at U.S. Regulator’s Comments.

China Bank Lashes Out at U.S. Regulator's Comments

Unknown Author

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