| Abstract | Given the exorbitant cost of entry and the already excessive levels of competition between international houses in regional investment banking, foreign investment bankers say the race for the top will be closed to all but the banks with at least three year's experience in Asia. Since 1992, a group of 20 global players has invested billions in pursuit of Asian dominance, making the aspirations of local rivals seem merely domestic. The foreigners make one exception to their rule. The Bank of China group, they believe, has the wherewithal to make the premier league of regional financial players. |
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