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The other 20 percent is owned by Shanghai Pudong Development Bank, which Fubon Financial has proposed to buy for 213 billion Chinese yuan to give the financial holding company full ownership of Fubon Bank (China).
The swap limit has been increased from 10 billion to 20 billion Chinese yuan and from Rs165 billion to Rs351 billion.
It announced that its joint venture company, Nanjing SR Puzhen Rail Transport (NPRT) has secured three metro train contracts worth a combined 3.5 billion Chinese yuan. The latest orders bring the total value of contracts announced by NPRT so far this year to over 4.5 billion Chinese yuan.
Under the three-year currency swap deal, Pakistan can borrow up to 10 billion Chinese Yuan while China can borrow up to Rs.140 billion.
The shopping is part of the 180 billion Chinese yuan (US$26.4 billion at US$1:6.8 yuan) procurement plan announced by China Mobile Chairman Wang Jianzhou last year to pile up enough user-end equipment in conjunction with the company's plan to boost its service subscribers to 50 million this year.
(GTMC) Location Guangzhou Nansha Economic and Technological Development Zone, Guangdong, PRC Representatives Chairman: Zhang Fangyou (chairman, Guangzhou Automobile) Vice chairman: Yoshimi Inaba (executive vice president, TMC) President: Toru Kuzuhara Executive vice president: Yuan Zhongrong Establishment September 1, 2004 Duration of JV 30 years Capitalization 1.3 billion Chinese yuan (approx.
According to the port operator China Overseas Ports Holding Company (COPHC), some 20 companies in different businesses have already joined the Gwadar free zone with direct investment of 3.0 billion Chinese yuan, or some $460 million.
Bank of China has the longest continuously operating history in China with investment, insurance, commercial and aircraft leasing sectors has listed two billion Chinese Yuan ($322 million; Dh1.18 billion) bond on Nasdaq Dubai last week.
After successful execution of currency swap agreement with Turkey, Pakistan signed another currency swap agreement with China in December 2011 worth 10 billion Chinese Yuan and Rs140 billion for promoting bilateral trade between the two nations for a fixed term of three years.