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The deal is an indication of how reformists in central government intend to use foreign capital and management skills as a way to shake up China's banks.
ECONOMIST: Casino capital
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Mr Cardoso's strategy was thus to use foreign capital, attracted partly by privatisation, to buy time while he tackled the public sector, something which his officials always insisted could be done only gradually.
ECONOMIST: Can Cardoso use financial chaos to reform Brazil?
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Although that is partly to strengthen them against foreign competitors, efforts to make better use of local capital are also in train.
ECONOMIST: The challenge from up north | The
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But under a new set of legislative proposals, the US could also start to use its capital markets as a foreign policy tool.
CENTERFORSECURITYPOLICY: Center For Security Policy
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At this rate, India can absorb foreign capital and put it to productive use, unlike some of the Southeast Asian economies.
CNN: Booking a Passage to India
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Equally strong, however, was the sentiment that continuing to ignore this burgeoning, foreign government-sponsored use of our capital markets by wrong-doers in the guise of normal market participants was simply intolerable.
CENTERFORSECURITYPOLICY: Testimony of Roger Robinson on market security