Bank of China, Temasek JV to open branches in China -source

Reuters, 20 Oct 2010
Oct 20 (Reuters) - Bank of China (3988.HK) and Temasek's [TEM.UL] banking tie-up will open its first two branches in China in January, a source close to the situation said on Wednesday, boding well for the Singapore state investor to tap strong potential in China's rural areas.
The joint venture, which now has 100 staff, would raise its headcount to 14,000 in the longer term as it plans to establish a 400-branch network across China over the next few years, the source said. Full story

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