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Macquarie's Wang Favors China Minsheng Bank, AgriBank

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July 5, 2012 10:51 PM EDT Victor Wang, a Hong Kong-based analyst at Macquarie Capital Securities Ltd., talks about China's banking industry and central bank monetary policy. In a 45-minute span yesterday, the European Central Bank and People’s Bank of China cut their benchmark borrowing costs, while the Bank of England raised the size of its asset-purchase program. Wang speaks with Susan Li on Bloomberg Television's "First Up." (Source: Bloomberg) (Bloomberg)

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