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Sovereign Wealth Funds Briefing - Categorized | Market

Bank of China, Temasek JV to open first branches-source

Posted on 21 October 2010

From Reuters: Bank of China and Temasek’s joint banking venture will open its first two China branches in January, a source close to the situation said on Wednesday, posing competition for another joint venture, between AgBank and Standard Chartered.
The branch opening marks the latest effort by Singapore’s sovereign wealth fund, Temasek Holdings, to tap China’s solid growth by seeking opportunities to develop the mainland’s rural economy……………………………………….Full Article: Source

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