Bank of China and strategic investors Pale Ma Sifu Financial Holding Pte Ltd, a joint venture between the Bank of Qichun in Hubei Province, is officially opened in Qichun County. It is the first joint venture village bank formed by large commercial banks in partnership with overseas strategic investors. Qichun Bank is an independent legal person with a registered capital of RMB 30 million. Among them, the Bank of China invested 27 million yuan, accounting for 90% of the registered capital, and the financial contribution of Fu Deng 3 million, accounting for 10% of the registered capital. Bank of China Bank in the opening up of the village will be independent deposit, credit, sinks and other banking operations, through the provision of efficient, professional and reliable financial services to support the development of local small enterprises and farmers. Bank of China and the second village bank in Jingshan, a joint venture between BOC and Fortis, are scheduled to open in Jingshan County, Hubei Province, on March 7.
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