Unit IV Case StudyIndustrial and Commercial Bank of China. This case study can be found onpages…

Unit IV Case StudyIndustrial and Commercial Bank of China. This case study can be found onpages 369-370 in your textbook. Read the case and answer the questions atthe end of the case.Industrial and Commercial Bank of China1. Why did ICBC feel it was necessary to issue equity in markets outside mainland China? What are the advantages of such a move? Can you see the disadvantages?2. What was the attraction of the ICBC listing to foreign investors? What do you think are the risks for a foreigner associated with investing in ICBC?