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Govt ploughs $19b into ABC

By Wang Xu | China Daily | Updated: 2008-10-23 08:11

Govt ploughs $19b into ABC

A worker cleans an Agricultural Bank of China sign in Shanghai. Bloomberg News

Agricultural Bank of China (ABC) said yesterday it will receive $19 billion from the government, the first step toward its planned initial public offering.

Govt ploughs $19b into ABC

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