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Bank Of Communications

By STAFF EDITOR
China’s Social Security Fund should ramp up its investment in the country’s stock markets, Dai Xianglong, director of the National Council for the Social Security Fund, told the annual Summer Davos Forum in Beijing Sunday, the China Securities Journal reported. “We need to ramp up the proportion of our total investment in the stock market, ...

By STAFF EDITOR

By STAFF EDITOR

By TONY JIN
The private sector in Jiangsu and Zhejiang provinces is taking on the big state-owned shipbuilding giants in Shanghai. The China Securities Journal takes a look at the main players

By STAFF EDITOR

By STAFF EDITOR

By STAFF EDITOR

By STAFF EDITOR

By STAFF EDITOR

By STAFF EDITOR

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Founded in 1908, Bank of Communications is one of the oldest bank and earliest bank notes issuers in China. With a national network of 92 branches and 2413 sub-branches, it is a commercial bank has three principle lines of business as corporate banking, retail banking and treasury operations. It is 19.9 percent-owned by global lender HSBC. In the first quarter of 2006, Bank of Communications total interest income increased 26 percent to 14.34 billion yuan. Net interest income after LLP increased 19 percent to 8.79 billion yuan. Net income increased 43 percent to 2.9 billion yuan.

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