ANZ linked to Ningbo

ANZ Bank is among several foreign banks reported to be “in talks with officials from China's Ningbo Commercial Bank about taking a stake in the mid-sized commercial lender based in Ningbo, a major port city south of Shanghai.” BNP Paribas and Overseas-Chinese Banking Corporation are among others reported to be in talks with Ningbo. ANZ has said it is seeking a regional bank investment in China, to complement its planned investment in Shanghai Regional Credit Union.