At HK$5.36 per share, ICBC is the biggest bank in the world by market capitalisation (US$252 billion). Just how big is that? Well, it's worth almost 2 times JP Morgan.
It also has reserves of US$130 billion which means it can afford to buy out Citigroup.
The sub prime crisis only had a minimal impact (thank god for unsophisticated bankers who don't understand "high finance") and is primed to grow while western banks are scrambling to rebuild their balance sheets after writing off billions in sub prime losses.
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