AGRICULTURAL BANK OF CHINA STARS SECOND ROUND OF AUDITING

AsiaInfo Services, January, 2008

AsiaInfo Services 01-10-2008 Agricultural Bank of China Stars Second Round of Auditing BEIJING, Jan 10, 2008 (SinoCast via COMTEX) -- The Agricultural Bank of China, the sole of the nation's big four state banks that has not gone public, launched a second round of auditing & valuation. The base date for the auditing was December 31, 2007.

Deloitte & Touche has completed auditing the bank's financial assets for 2005 and 2006 and put forward credit and non-credit results. As Agricultural Bank of China did not initiate shareholding reform nor received the government's bailout in 2007, its financial data still needs auditing. Lou Jiwei, chairman of China Investment Corporation, earlier said its subsidiary China SAFE Investments Ltd. would inject about USD...

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