foreign investor

According to reports, according to the South China Morning Post, citing people familiar with the matter, the joint venture of the United States Silicon Valley Bank in China, SPDB, may be taken over by Shanghai Pudong Development Bank (SPDB). Shanghai Pudong Development Bank may buy out its 50% equity, which is the “first choice” in a series of options. Another option is to allow another foreign investor to acquire SPD Silicon Valley Bank. Chinese regulators will soon find a solution for the joint venture. People familiar with the matter: Shanghai Pudong Development Bank will purchase 50% equity of SPD Silicon Valley Bank Analysis based on this information:According to recent reports, Shanghai Pudong Development Bank (SPDB) may purchase the 50% equity of the joint venture of the United States Silicon Valley Bank in China, SPDB. The information was accessed by the South China Morning Post, through people who are familiar with the matter. The news highlights the financial conglomerates’ strategy to…