Bank of China invests $1 billion in railway project

Bank of China (BOC), the country's third-largest lender by market value, said over the weekend that it plans to invest $1 billion in a railway project as it looks to share a slice of the country's infrastructure expansion.

The Beijing-based bank was identified by analysts as one of the most aggressive lenders in 2009 when it provided a total of Rmb1 trillion ($146 billion) worth of loans during the year, and it is showing no signs of slowing down its credit growth so far this year.