Banking News
- Minsheng sets up investment bank
Date: 9-Mar-2007 Sources: (Shenzhen Daily)
CHINA Minsheng Banking Corp., the nation's only non-State bank, has begun investment banking as it seeks to broaden its operations, the chairman said Thursday.
'Over the next five years, we are going to become a diversified financial institution,'' Dong Wenbiao said in Beijing on Wednesday. The investment banking unit will underwrite short-term corporate bonds and consult on mergers and acquisitions, he said.
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