You can buy it not because it is cheap, because as a state-owned bank in China, you have many concerns when buying it. There are two main types:

First of all, no one knows how many subsequent asset loopholes remain (including those that Citibank itself has not yet explained). For example, Temasek in Singapore once invested heavily in the acquisition of Citibank, but later found that the bad debts far exceeded expectations and the losses were great.

Second, China Bank is a state-owned bank, and there are certain restrictions on foreign acquisitions. For example, the acquisition of foreign sovereign funds (such as China Investment Corporation of China) by the United States has been greatly restricted. This is not something we can buy if we want to.

People who buy are relatively low-key, but as rich people, they will definitely have strong contacts. He must have connections at home and abroad.