Global Banks Get Conned By The Chinese State

Five years after China said it fully met World Trade Organization obligations to open its economy to global financial firms, Citigroup Inc. and HSBC Holdings Plc are among companies still largely shut out of the world’s third-biggest banking market as they face government restrictions on adding branches and offering products.
Source: http://www.bloomberg.com/news/2012-06-04/china-wall-hit-by-global-banks-with-2-market-share.html

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