{"id":852,"date":"2012-05-11T04:55:18","date_gmt":"2012-05-11T04:55:18","guid":{"rendered":"http:\/\/www.global500.dev\/?p=852"},"modified":"2012-05-19T14:21:49","modified_gmt":"2012-05-19T14:21:49","slug":"cames-nose-under-the-tent-fed-approves-the-acquisition-of-us-branches-by-chinese-bank","status":"publish","type":"post","link":"http:\/\/theglobal5000.com\/cames-nose-under-the-tent-fed-approves-the-acquisition-of-us-branches-by-chinese-bank\/","title":{"rendered":"Camel&#8217;s Nose Under the Tent? &#8211; Fed Approves the Acquisition of US Branches by Chinese Bank"},"content":{"rendered":"<p>A <a href=\"http:\/\/ca.news.yahoo.com\/3-big-chinese-banks-enter-us-banking-market-185200086.html\">news report<\/a> came across the wires earlier announcing that the Fed had approved the acquisition of the US branches of the Bank of East Asia by ICBC, the Chinese bank.\u00a0 This has been a year in the making as we covered back in Jan 2011 in <a href=\"http:\/\/theglobal5000.com\/chinese-bank-signs-deal-to-buy-us-branches\/\">this article<\/a>. That is when it was announced and the approval has taken just over a year and announced now. Of course, the interesting aspect here is that ICBC is 70+% owned by the Chinese government.<\/p>\n<p>We invite our readers here to search this site for the term China to get a good sense of the various activities by the Chinese government and the China based organizations.<\/p>\n<p>Obviously, this is an interesting development on many levels when a foreign government opens a branch bank in the US &#8211; but from a B2B marketing perspective, this helps drive home the point about globalization and the need to not have blinders on when identifying key markets. The questions to ask here are all about your strategy of identifying key prospect accounts and begin engaging with them. It does not always have to begin in the US where these branches and US operations are located.\u00a0 Rather, it should extend from the relationship of the parent company in China.\u00a0 Has your organization establish that database with a global view?<\/p>\n<p>If not &#8212;\u00a0 it is time.<\/p>\n<p>You can get the full Global 5000 database on <a href=\"http:\/\/theglobal5000.com\/databases\/the-global-5000-companies\/\">this page<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A news report came across the wires earlier announcing that the Fed had approved the acquisition of the US branches of the Bank of East Asia by ICBC, the Chinese bank.\u00a0 This has been a year in the making as we covered back in Jan 2011 in this article. That is when it was announced [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[121,67],"class_list":["post-852","post","type-post","status-publish","format-standard","hentry","category-news","tag-banking","tag-china"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Camel&#039;s Nose Under the Tent? - Fed Approves the Acquisition of US Branches by Chinese Bank - Global 5000 Database<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"http:\/\/theglobal5000.com\/cames-nose-under-the-tent-fed-approves-the-acquisition-of-us-branches-by-chinese-bank\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Camel&#039;s Nose Under the Tent? - Fed Approves the Acquisition of US Branches by Chinese Bank - Global 5000 Database\" \/>\n<meta property=\"og:description\" content=\"A news report came across the wires earlier announcing that the Fed had approved the acquisition of the US branches of the Bank of East Asia by ICBC, the Chinese bank.\u00a0 This has been a year in the making as we covered back in Jan 2011 in this article. 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