BANK OF CHINA (03988.HK) News & Disclosure
    Twelve branches of Wenzhou Enterprises Chamber of Commerce in different parts of the world are weighing a plan to raise RMB5 billion and set up Wenzhou Modern Commercial Holdings Bank (溫州現代商業控股銀行) in the regions where the branches of WECC are located in China, National Business Daily reported. The proposal has already been submitted to Wenzhen Municipal Government.The rules of Wenzhou financial reform may be officially introduced this month, covering the implementing guidelines on private financing, development of new financial entities and establishment of credit system. (y)AAStocks Financia...
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