Bank of China, the country's third-largest lender by assets, will invest $1.1bn in a railway line as Beijing encourages state-controlled financial institutions to help pay for the world's most ambitious rail network expansion.
BoC said it would buy a 14.5 per cent stake in a railway operator that will build a line to transport coal from inland Shanxi province to Shandong province on the eastern seaboard.
The announcement came one month after the bank said it would invest nearly $900m in a state company that is building the high-speed rail line between Shanghai and Beijing.
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