Wu Yonggang Quotations

Investors are going after Merchants Bank stock as the revised plan is better than expected.

China has speeded up the overhaul of its banking sector to improve corporate governance and debt quality. Efforts include pouring funds into bigger, healthier players and encouraging them to go public overseas.

The move signals a more market-oriented interest rate system in China.

I don't believe they could list in Hong Kong before the third quarter.

After the deal, there will be almost no more big ideal banking targets left.

The price looks high but it's still a small dish for Citigroup.

The PBOC is very prudent about making any more changes to the interest rate. It is nearly impossible to reduce the rate when it already stands at such low a level.