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Article: CCB CREATES 1ST VILLAGE BANK IN HUNAN

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AsiaInfo Services
Article date:
December 10, 2008
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AsiaInfo Services
12-10-2008
CCB Creates 1st Village Bank in Hunan

TAOJIANG, Dec 10, 2008 (SinoCast Daily Business Beat via COMTEX) -- The first village bank sponsored by China Construction Bank (CCB; SHSE: 601939; SEHK: 0939), one of the nation's top joint-stock commercial lenders, yesterday started operation in the central Chinese county of Taojiang, Hunan Province.

Led by the Beijing-located bank, seven domestic companies, including Yuan Longping High-tech Agriculture Co., Ltd. (SZSE: 000998) and Changsha Hongda Technology Development Co ., Ltd., and two individual investors jointly founded this village bank, with the approval of the China Banking Regulatory Commission (CBRC).

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