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Banking, Finance and Insurance

ABC bail-out imminent
By STAFF EDITOR
Published: July 03, 2007 03:45 PM
The central government is preparing to launch a long-awaited rescue plan for the Agricultural Bank of China (ABC), one of the nation’s four largest commercial banks, the Shanghai Financial News reported. The bank won official backing for its reform plans at a key central government finance meeting in January, although details were never revealed. However, according to ...
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