AFP reports that Royal Bank of Scotland’s plan to the futher investment in China.

BEIJING (AFP) — British banking giant Royal Bank of Scotland is in talks to buy 19.9 percent of Suzhou Trust in China, its latest attempt to ramp up its position in the Chinese market, state media said Wednesday.

“The two parties have got initial results in negotiations over key issues such as the selling price and the size of the stake,” the 21st Century Business Herald cited an unnamed source close to the deal as saying.

The value of the deal was not disclosed, the newspaper said.

The potential deal would be the Royal Bank of Scotland’s second purchase of Chinese financial assets. It currently holds 8.25 percent of Bank of China, one of the nation’s big four state-owned lenders.

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