Former state policy lender China Development Bank (CDB) will review its strategic ties with Barclays two years after it took up a 3% stake in the British bank for US$3 billion Reuters reported. “A review report will be submitted to board members for consideration,” CDB President Jiang Chaoliang said. He said “all options will be discussed and considered” when asked if CDB would sell or reduce its stake in Barclays after the review. The State Council in July 2008 rejected a plan by CDB to raise its stake in Barclays due to concerns over risk but since then the relationship between the two banks has been very low-key.
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