It is something of a surprise to find that the bank boss with the best line in deadpan humour is Guo Shuqing, chairman of China Construction Bank (ccb). When it floated in Hong Kong in 2005 Mr Guo reminded the assembled ranks of slick investment bankers and analysts that during the Cultural Revolution he had been a cowboy. Five years on the bank has risen to be the world's second-largest by market value, after icbc. Over that period its profits have more than doubled to $16 billion, more than at any of America's three most profitable banks, JPMorgan, Wells Fargo and Goldman Sachs.
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