Bank Of China President: Studying Funding Chinalco's Invest In Rio
March 05 2009 - 12:08AM
Dow Jones News
Bank of China Ltd. (3988.HK) President Li Lihui said Thursday
the lender is closely studying whether it will help finance
Aluminum Corp. of China's US$19.5 billion investment in Rio Tinto
PLC. (RTP).
Li told reporters on the sidelines of the National People's
Congress that Chinalco is "one of the bank's good clients," but he
didn't elaborate.
Chinalco earlier said two policy banks - China Development Bank
and the Export-Import Bank of China - will lead a group of local
financial institutions to support its investment in Rio.
-By Patricia Jiayi Ho, Dow Jones Newswires; 8610 6588-5848;
patricia.ho@dowjones.com