Posted inChina

Bank of China to set up wealth management subsidiary

The Bank of China (BOC) is planning to invest no more than 10 billion yuan (US$1.44 billion) to launch a wholly-owned wealth management subsidiary, The Paper reported. Following 14 small and medium-sized commercial banks that have announced the proposed establishment of wealth management subsidiaries, BOC is the first among the big four state-owned banks who made […]

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