Tony Sagami - Veteran investment advisor and a leading expert on Asian markets.

Bank of China: model of inefficiency

by Tony Sagami on August 14, 2008

in Asian Market, Currency Analysis, Stock Market in China

I went to a Bank of China branch yesterday to exchangesome currency and I was shocked at the pathetically slow service there.

The Bank of China is one of four state owned/controlledbanks and I can tell you that it is as inefficient, slow, and overstaffed as you would expect a Communist-run bank tobe.

I had never invested in a Chinese bank and I am now quite sure I never will  now.

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