Foreign banks flock to China's rural areas

Updated: 2011-08-24 10:15

(Xinhua)

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Foreign banks flock to China's rural areas

The opening ceremony of the county bank branch of the Sydney-based Commonwealth Bank of Australia is held in Dengfeng, central China's Henan Province, Aug 23, 2011. Although China had seen rapid reform in its financial sector in recent decades, rural financing is relatively weak. More and more foreign banks flock to the country's rural areas to open county bank branches, competing in the rural finanicil market.[Photo/Xinhua]