Patience is a virtue. Australian bank ANZ has taken its second minority stake in a Chinese bank, although the deal took four years to close. ANZ will pay $263m for a 19.9% stake in Shanghai Rural Commercial Bank (SRCB) - China's largest rural commercial bank...   more »

China's soaring stock markets have propelled Citic to become the world's fourth largest broker behind Goldman Sachs, Morgan Stanley and Merrill Lynch. Beijing-based Citic has a market capitalisation of more than $40bn and has put on $30bn just in the current year...   more »