Editor’s Insight: Second Asia pullback will leave ANZ smaller, leaner
Chief executive Shayne Elliott says ANZ will still have seven branches in China for wholesale banking.
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ANZ’s $1.9 billion sale of its interests in China’s Shanghai Rural Commercial Bank may be successful strategy as part of its asset-selling programme.
But it remains a backward step for Australasian to gain a bigger share of the world’s fastest growing regional economy.
Back in 2000, ANZ also
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Editor’s Insight: Second Asia pullback will leave ANZ smaller, leaner
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