IN BRIEF (Page 15)
China Daily | Updated: 2011-08-16 08:05
China Mobile finance unit
China Mobile Ltd, the world's biggest mobile phone operator, plans to use 5 billion yuan ($780 million) to set up a finance unit, a move that could disappoint shareholders looking for a dividend increase.
The new unit, to be called China Mobile Finance, will provide various services, including insurance and inter-bank lending.
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