China Business News: CBRC allows BoComm, Bank of Beijing to invest in insurers

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Latest News :2010.02.09 Search News Or

CBRC allows BoComm, Bank of Beijing to invest in insurers

Jun. 3, 2009 (China Knowledge) - The China Banking Regulatory Commission (CBRC), the nation's banking watchdog, has given approval for Bank of Communications (BoComm)<601328><3328> and Bank of Beijing<601169> to invest in insurance companies, sources reported on Tuesday.BoComm, the fifth largest bank in China by assets, will reportedly take over China Life's stake in China Life-C

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February 2010

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