Sunday, August 5, 2007

Chinese Government Hasn't Decided on $40 Billion Agricultural Bank Bailout

(Bloomberg) -- Central Huijin Investment Co., a
government investment arm, said it hasn't decided on the bailout
of Agricultural Bank of China, weakest of the four-biggest
state-owned banks, according to a senior official.

Beijing-based Agricultural Bank may receive a $40 billion
capital injection from Huijin, the Economic Observer newspaper
reported today, without citing anyone.


Read more at Bloomberg Emerging Markets News

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