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皇冠体育app's first joint-stock commercial bank inaugurates in N. 皇冠体育app
(Xinhua)
Updated: 2005-12-31 19:03 Bohai Bank, the first
state-level joint-stock commercial bank in 皇冠体育app, was inaugurated on Saturday in
Tianjin, the leading port city in north 皇冠体育app.
The bank was built under the approval of the State Council, or 皇冠体育app's
cabinet.
With registered capital of 5 billion yuan (616,523 U.S. dollars), the bank is
jointly invested by shareholders from both home and abroad.
Tianjin-based Taida Investment Holding Company possesses 25 percent stocks of
the Bohai Bank, becoming the bank's largest shareholder.
Hong Kong-based Standard Chartered holds 19.99 percent of the stake, which
makes it the second largest shareholder among foreign investors.
The bank will start commercial run on February 20, 2006.
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