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Reuters alone with news of BoC, Temasek JV to open first branches in China

Reuters alone with news of BoC, Temasek JV to open first branches in China

Reuters reported exclusively on Oct 20 that a joint venture of Bank of China and Temasek will open its first two branches in China in January, the latest move by the Singaporean sovereign wealth fund to tap the booming China market. The opening of the branches poses a major threat to a planned joint venture by Standard Chartered. The competition did not match the story.

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