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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

BOC, Temasek join hands

Posted on 17 March 2010

From People.com.cn: Bank of China Ltd (BOC) and Temasek Holdings Pte may invest as much as 20 billion yuan ($2.9 billion) to build a rural-banking business in China, said two people with knowledge of the matter.

The companies are in talks about setting up as many as 400 rural banks, the people said, declining to be identified because the discussions are private. Bank of China, the country’s third-largest lender by market value, would own a controlling stake in the joint venture, they said………………………………….Full Article: Source

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