BANK OF CHINA BUYS SHARE IN LUXEMBOURG COMPANY
State-owned Bank of China has bought a
three to five pct share of BAII Holding SA, a financial
institution registered in Luxembourg, the China Daily Business
Weekly said.
    It said the institution is 50 pct owned by Arab interests
and has set up a wholly owned commercial banking branch in Hong
Kong but gave no more details.
 REUTER
