Financial Times FT.com

Beijing pumps $30bn into rural bank

By Geoff Dyer, James Kynge and Lifen Zhang In London

Published: February 2 2009 02:00 | Last updated: February 2 2009 02:00

The Chinese government has decided to inject Rmb200bn ($30bn) into Agricultural Bank of China, the last of the largest state-owned banks to be restructured in preparation for a listing.

In an interview with the FT, Premier Wen Jiabao confirmed that the final decision had been taken to put money into the bank, which is a mainstay of China's rural economy.

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