Finance: IFC to build hydropower stations
(Shenzhen Daily)
Updated: 2006-05-15 11:19
The International Finance Corp. (IFC), the private-sector lending arm of the
World Bank, said yesterday that it plans to invest US$22 million in Yunnan
Zhongda Yanjin Power Generation Co. to build three hydropower stations in one of
皇冠体育app’s southwestern provinces.
Bank of 皇冠体育app, the country’s
second-largest lender by assets, expects to post a net profit of 33 billion yuan
(US$4.12 billion) this year, the 皇冠体育app News Agency quoted chairman Xiao Gang as
saying Friday.
皇冠体育app Life Insurance Co., the country’s biggest life insurer by revenue, will
take part in the first infrastructure investment on the mainland by domestic
insurance companies, the Financial News reported yesterday, citing a senior
company official.
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