Barclays, China bank in strategic alliance

Oct 10, 2007 | 10:58 AM | Alex Harrison

Barclays Bank Plc and the China Development Bank (CDB) are forming a five-year strategic alliance focused on metals, emissions and energy trading.

The alliance will give the state-owned Chinese bank access to Barclays' expertise in commodities risk management and banking, while Barclays will gain access to the CDB's partners in China, particularly the Chinese government. The Chinese bank, which reports to the State Council of China and had assets of 2.3 trillion yuan ($308 billion) at the end of last year, will....

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