Rabobank takes a share in China's rural development

SHANGHAI: Rabobank, one of the first foreign bank to invest in a Chinese rural cooperative bank, aims to become a leading player that serves the nation's food and agricultural industries in the next five years and beyond.

The Netherlands-based bank, which has grown quickly in China, looks to gain the largest market share in the relevant sectors and serve the leading players in food and agricultural businesses.

"China has the largest agricultural and food output in the world," said Orlando Wang, general manager of the bank's Shanghai branch. "We have reached partnerships with some top players in the nation's food processing sector including sugar, animal protein, edible oil and grain."