And in 2004 HSBC became the envy of rival banks when it acquired a 19.9% stake in Bank of Communications, the smallest of China's national banks and the only one that, by law, allowed for the possibility of full acquisition.
And in 2004 HSBC became the envy of rival banks when it acquired a 19.9% stake in Bank of Communications, the smallest of China's national banks and the only one that, by law, allowed for the possibility of full acquisition.
2004年，汇丰银行收购了中国最小的国有银行交通银行19.9%的股份，而且交通银行还是中国唯一一家法律允许外资全面收购的银行，这令业内对手嫉妒不已。