BoCom launches trust firm

Banking, Finance and Insurance

Saturday, August 30, 2008 05:57:02

	BoCom launches trust firm By STAFF EDITOR Published: October 29, 2007 12:00 PM Bank of Communications re-opened a newly acquired trust business in Wuhan, Hubei province, Sunday, the official Xinhua News Agency reported. The Shanghai-based bank, one-fifth owned by HSBC, paid US$162.88 million (RMB1.22 billion) for an 85% stake ... You are currently reading 36 words of 111 total words in this article. To continue reading this article, you must be a subscriber. Log in now. Buy this article now for $10 USD. Not a subscriber? Start your 7-day free trial now. bookmark \| digg \| Permalink \| Tell a Friend Tags for this article: Bank of Communications , investment , HSBC , management	More Articles in Banking, Finance and Insurance > Today’s Daily Briefs E-Mail Sign up for a roundup of the day’s top stories, sent every day. RELATED ARTICLES > 3-4 year profit horizon for HSBC’s rural business Shenzhen bank boss gets US$3.24m in compensation for ’07 Changsha Bank sells 20% stake to French counterpart New China Life’s Shanghai premiums up 184.4% in 1H HSBC launches bank in rural China Beijing Rural Bank’s Q1 net profit up 38% ICBC online banking attracts 50m users

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