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Sovereign Wealth Funds Briefing - Categorized | Financials, Market

Bank of China in talks with Temasek on rural bank

Posted on 24 March 2010

From Reuters: Bank of China, China’s fourth largest bank, said on Tuesday it was in talks with Temasek Holdings, Singapore’s sovereign wealth fund, to set up a rural business bank in China.
The bank under discussion would have 40-60 branches, President Li Lihui told reporters at a media briefing to discuss Bank of China’s 2009 results……………………………..Full Article: Source


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