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BOC and the Big 4 still listing

BOC and the Big 4 still listing

(China) - In spite of problem loan approvals recently exposed, the Bank of China is still aiming to list offshore in 2002, partly to demonstrate its commitment to reform in its troubled banking sector. Government leaders have now formally approved listings by the "Big Four" state-owned commercial banks, including Bank of China, as one step in efforts to improve their management and profits, although Bank of China will miss its original first quarter listing deadline.
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