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Agricultural Bank of China Limited established
By Hu Yuanyuan (Xinhua)
Updated: 2009-01-16 13:23 Agricultural Bank of China Limited is incorporated today in Beijing, giving the final touch to its restructuring from a State-owned enterprise to a State-controlled commercial bank. The bank, with a registered capital of 260 billion yuan ($38.01 billion), is equally owned by the Ministry of Finance and Central Huijin, a subsidiary of China's sovereign wealth fund. As reported, the bank is considering a dual listing in Shanghai and Hong Kong, and is now seeking strategic overseas investors. Xiang Junbo has been named chairman and Zhang Yun, president of the bank. (For more biz stories, please visit Industries)
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