Temasek and BOC may bring ATMs to rural China
Singapore sovereign wealth fund Temasek Holdings is understood to be working with Bank of China to spend as much as RMB20 billion ($4.1 billion) in building a banking franchise in rural parts of China.
The PRC is actively encouraging banks to enter rural areas to lend to agricultural business owners and farmers. BOC is understood to be planning the opening of around 400 rural banks. While neither of...
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