Monday, July 23, 2007

China could benefit from foreign banks-FDIC chmn

(Reuters) - Sheila Bair, chairman of the U.S. Federal Deposit Insurance
Corp., is visiting government officials and bankers in Beijing
and Shanghai to promote a deposit insurance program for
financial institutions in China.




She is expected to sign a memorandum of understanding with
People's Bank of China governor Zhou Xiaochuan to formalize a
consultative relationship to help China set up a system.


Read more at Reuters.com Bonds News

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