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Aussie firm buys into Hangzhou bank
04/22/2005 08:26
EST (0148 GMT)
An outlet of Hangzhou City Commercial Bank in Hangzhou, capital of East China's Zhejiang Province. The Commonwealth Bank of Australia (CBA) announced yesterday an investment of 625 million yuan (US$75.3 million) to purchase a 19.9 per cent stake in the bank.
Source:
China Daily
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