The International Finance Corp. (IFC), the private-sector lending arm of the World Bank, said yesterday that it plans to invest US$22 million in Yunnan Zhongda Yanjin Power Generation Co. to build three hydropower stations in one of China¡¯s southwestern provinces.

Bank of China, the country¡¯s second-largest lender by assets, expects to post a net profit of 33 billion yuan (US$4.12 billion) this year, the China News Agency quoted chairman Xiao Gang as saying Friday.

China Life Insurance Co., the country¡¯s biggest life insurer by revenue, will take part in the first infrastructure investment on the mainland by domestic insurance companies, the Financial News reported yesterday, citing a senior company official.

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