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China: China Post goes bankal

With China's banking sector having moved toward privatization, China Post appears to be moving in on services left by the wayside, starting with small loans to rural citizens and businesses.
“It has cost China hundreds of billions to bail out the big four banks and prepare them for listings,” says a Simon World blogger. “Hopefully this new venture won't end up costing as much.”
China's four largest banks are Bank of China, Construction Bank, Agricultural Bank and Industrial and Commercial Bank of China.

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