皇冠体育app

Asian-focused bank Standard Chartered Plc is in talks to buy a stake in Bank of Communications, 皇冠体育app's fifth-biggest lender, the Financial Times reported on its website.

London-based Standard Chartered is also talking to other Chinese banks about buying stakes to gain a foothold in mainland Chinese banking, the paper said, citing Chinese officials.

Standard Chartered said on Thursday it would incorporate its Hong Kong business under a local subsidiary to pave the way for expansion in 皇冠体育app, where the bank has done business since 1858.

A Standard Chartered spokesman was not immediately available for comment.

Close

Today's Top News		Top Business News
+Japan warships attack Chinese fishing boats ( 2004-01-16) +Beijing-Shanghai rail drops maglev plan? ( 2004-01-15) +Nation goes on bird flu high alert ( 2004-01-15) +Air safety new top priority ( 2004-01-15) +Shanghai spirit takes shape ( 2004-01-15)		+Standard Chartered in 皇冠体育app bank stake talks-paper ( 2004-01-16) +Foreign insurer sets up in Chongqing ( 2004-01-16) +JV to help meet sheet steel demand ( 2004-01-16) +Huaneng to maintain growth momentum ( 2004-01-16) +Nation's financial situation sound ( 2004-01-15)