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Article: IN BRIEF (Page 14)
- Article from:
- China Daily
- Article date:
- July 5, 2007
CopyrightCopyright 2007 China Daily. Provided by ProQuest LLC. (Hide copyright information)
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Overseas bank profits up
Profit growth at Citigroup Inc, ABN Amro Holding NV and other
foreign banks in China tripled this year after they were allowed to
offer local-currency services, a central bank report said.
Overseas banks earned a combined 3.05 billion yuan in the first
five months, up 43 percent from a year earlier, the People's Bank of
China said in a research report published by China Securities
Journal. Profit growth accelerated from an average 14 percent over
the past five years.
Report delayed
Focus Media Holding Ltd, China's biggest publicly traded
advertising company, delayed filing its 2006 report with the US
Securities and Exchange Commission pending an internal probe ...