Chinese Barclays deal boosts global ambitions

The move by the state-controlled China Development Bank (CDB) for a £2.5bn stake in Barclays today marks the latest flexing of financial muscles by the Chinese government.

The move by the state-controlled China Development Bank (CDB) for a £2.5bn (€3.7bn) stake in Barclays today marks the latest flexing of financial muscles by the Chinese government.

Richard Hunter, head of equities at stockbroker Hargreaves Lansdown, said that increasing Chinese activity on the global market could have a positive effect on share prices as more money comes into the London market.