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COPYRIGHT 2001 Asia Pulse Pty Ltd
An executive briefing on banking for July 31, 2001, prepared by Asia Pulse (http://www.asiapulse.com), the real-time, Asia-based wire with exclusive news, commercial intelligence and business opportunities.
CHINESE COMMERCIAL BANKS INTERESTED IN SOCIAL SECURITY FUNDS
BEIJING - Commercial banks, together with asset management companies, in China are paying intense attention to the progress of market-oriented management of social security funds.
Huang Jianping, vice president of the Pudong Development Bank (SSX: 600000), said that participation of commercial banks as fund custodians will be good not only for the establishment of a healthy system for power balanced operation of funds but also for commercial banks to adjust assets structure, keep in line with the international trend of paying increasing importance to intermediary services, and open a channel linking up with the capital market.
CHINA'S MINSHENG BANK TO ISSUE US$290 MLN IN CONVERTIBLE BONDS...
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