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In Brief: Bank of China interested

In Brief: Bank of China interested

THE Bank of China is exploring the possibility of setting up a subsidiary in Cambodia, National Bank of Cambodia Director General Tal Nay Im said Wednesday after meeting with a delegation from the Chinese bank. “We have met with them, they are interested in investing in Cambodia, but they want to study the banking market in Cambodia first,” she said. The delegation, which was led by Wang Lijun, the president of its overseas operations administration, did not set a timetable for entry, she added. The delegation also met with Finance Minister Keat Chhon. The bank had 10,789 domestic and overseas branches, subsidiaries and outlets as of the start of 2009.

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