Juneyao plans private bank in China

Juneyao, which runs airlines and dairy businesses, along with other privately owned companies including Fosun Group and Shanda Interactive Entertainment, plans to establish a bank with an initial investment of 5 billion yuan (HK$6.3 billion), according to sources with knowledge of the plan.

via Business feed http://www.scmp.com/business/banking-finance/article/1297649/juneyao-plans-private-bank-china