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Manufacturers, Exporters, Wholesalers - Global trade starts here.
BOC Declines Comment on Temasek Report

Bank of China (BOC) declined to comment on a report that the central bank's investment arm had temporarily blocked a multi-billion dollar investment plan by Singapore's Temasek Holdings.

Central Huijin Investment Co, the Bank of China's major shareholder, had blocked the deal at a board meeting last month amid worries that large and wide-ranging investments by Temasek posed a threat to the country's "financial stability", the Caijing magazine said in its latest edition published Monday. Temasek, Singapore's stateowned investment firm, had signed a deal to buy 10 percent of Bank of China for US$3.1 billion. It plans to invest an additional US$500 million to buy more shares when the bank lists next year. Bank of China said it would not comment on related media reports.

(Shenzhen Daily November 2, 2005)

Bank of China Dismisses 8 for Financial Fraud
ADB Invests US$75 Mln in Bank of China
UBS to Invest US$500 Mln in Bank of China
RBS to Acquire 10% of BOC
Bank Chief Sentenced to Death with 2-year Suspension
Europe's Second Biggest Bank Might Buy into Bank of China
UBS in Talks with BOC for Investment
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