{"id":55807,"date":"2010-03-31T13:02:20","date_gmt":"2010-03-31T21:02:20","guid":{"rendered":"http:\/\/chinadigitaltimes.net\/?p=55807"},"modified":"2010-03-31T13:02:20","modified_gmt":"2010-03-31T21:02:20","slug":"bank-of-china-to-invest-878-mln-in-rail-project","status":"publish","type":"post","link":"https:\/\/chinadigitaltimes.net\/2010\/03\/bank-of-china-to-invest-878-mln-in-rail-project\/","title":{"rendered":"Bank of China to Invest $878 mln in Rail Project"},"content":{"rendered":"<p>The Bank of China will invest up to 6 billion yuan in a high-speed railway between Shanghai and Beijing.<a href=\"http:\/\/www.reuters.com\/article\/idUSTOE63000720100401\"> From Reuters<\/a>:<\/p>\n<blockquote><p>\n It said its Hong Kong-based unit, Bank of China Group Investment Ltd, has agreed to buy a 4.5 percent stake in Beijing-Shanghai High-Speed Railway Co using foreign currencies, &#8220;The investment is expected to generate reasonable return and will help the bank diversify its services,&#8221; the Beijing-based lender said in a statement to the Shanghai Stock Exchange.<\/p>\n<p>&#8220;It will also help the bank win more businesses in China&#8217;s large-scale railway investment and construction, which is in line with our development strategy.&#8221;<\/p>\n<p>China last year unveiled a $586 billion, infrastructure-focused stimulus package that boosted railway investment by 67 percent in 2009. Beijing will continue to boost railway investment, which had lagged economic growth in the past decade.<\/p>\n<p>Planned investment in the 1,318-kilometre-long high-speed railway linking Beijing and Shanghai totals 220.9 billion yuan. The project, which started in April, 2008, will be completed within five years.<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>The Bank of China will invest up to 6 billion yuan in a high-speed railway between Shanghai and Beijing. From Reuters: It said its Hong Kong-based unit, Bank of China Group Investment Ltd, has agreed to buy a 4.5 percent stake in Beijing-Shanghai High-Speed Railway Co using foreign currencies, &#8220;The investment is expected to generate [&hellip;]<\/p>\n","protected":false},"author":33,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":"","_links_to":"","_links_to_target":""},"categories":[2,6],"tags":[5897,14593],"class_list":["post-55807","post","type-post","status-publish","format-standard","hentry","category-economy","category-sci-tech","tag-bank-of-china","tag-high-speed-rail","et-doesnt-have-format-content","et_post_format-et-post-format-standard"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.1 (Yoast SEO v24.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bank of China to Invest $878 mln in Rail Project<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"http:\/\/chinadigitaltimes.net\/2010\/03\/bank-of-china-to-invest-878-mln-in-rail-project\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bank of China to Invest $878 mln in Rail Project\" \/>\n<meta property=\"og:description\" content=\"The Bank of China will invest up to 6 billion yuan in a high-speed railway between Shanghai and Beijing. From Reuters: It said its Hong Kong-based unit, Bank of China Group Investment Ltd, has agreed to buy a 4.5 percent stake in Beijing-Shanghai High-Speed Railway Co using foreign currencies, &#8220;The investment is expected to generate [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"http:\/\/chinadigitaltimes.net\/2010\/03\/bank-of-china-to-invest-878-mln-in-rail-project\/\" \/>\n<meta property=\"og:site_name\" content=\"China Digital Times (CDT)\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/ChinaDigitalTimes\" \/>\n<meta property=\"article:published_time\" content=\"2010-03-31T21:02:20+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/chinadigitaltimes.net\/wp-content\/uploads\/2021\/08\/CDT-logo.png\" \/>\n\t<meta property=\"og:image:width\" content=\"186\" \/>\n\t<meta property=\"og:image:height\" content=\"177\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Sophie Beach\" 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