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Activists Warn Investors about Banks of the Yangtze

Author: Danielle Knight, Inter Press Service, Published on: 31 May 2001

Continuing with their effort to block financing of China's Three Gorges Dam, environmentalists are warning investors that bonds to be sold soon will indirectly finance the mammoth hydropower project that critics say will be a social and environmental disaster. Major investment banks, including, Goldman Sachs, JPMorgan, Morgan Stanley Dean Witter, Deutsche Bank, BNP Paribas and Barclays Capital, are currently pricing approximately 1.75 billion dollars in bonds for the People's Republic of China.

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Related companies: Barclays BNP Paribas Deutsche Bank Goldman Sachs J.P. Morgan (part of JPMorgan Chase) JPMorgan Chase Morgan Stanley