Tough Day for China's AgBank
It looks like it's going to raise just $19b to $22b. I know that sounds like a lot, but remember the target was $30b and further remember that China lined up a substantial number of subscribers before hand. In other words, market demand was truly for this. And why shouldn't be? Who wants a piece of the Chinese bank with the least creditworthy customerr base on the eve of what could be a massive banking crisis?
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