Bank of China invests $1 billion in railway project

Railways are a safe bet and sources say all of China's major banks are competing to get involved.

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...

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