After the establishment of Myanmar Bank's Thailand branch,
the pace of expansion did not stop.
Tang Qing specifically approved five hundred million US dollars
for Myanmar Bank to acquire foreign banks specifically to complete the "achievement task." Since banks in developing countries are naturally scarce, many are state-owned and not easy to handle.
Hence, Tang Qing turned his attention to developed countries like the United States.
The advanced finance industry in these countries meant the threshold for establishing banks was frightfully low, and the number was plentiful. However, Tang Qing could not possibly establish one or several new banks.
Because the procedures are slow, or rather, particularly slow, and it has nothing to do with your registered capital. Even stuffing money wouldn't speed things up.
Thus,
acquisition became inevitable.
