Peking, May 29.
The Chen Yi Bank—a Sino-Italian enterprise, which originally sought registration under the name of "the Sino-Italian Industrial Bank"—was_ opened yesterday. The authorized capital is $10,000,000, and the paid up capital $2,250,000. The bank has been registered at the Ministry of Finance, the Currency Bureau and the Italian Consulate.—Reuter.
New Chinese Financial Ca, Within recent months two large financial concerns, carrying on the duty of a trust and similar operations, have been formed in China, one with a capital of $8,000,000 and the other with $10,000,000. A third company, named the National Trust Ca. of China Ld., is now in process of formation. A meeting of the promoters to the number of 42 was held last night at temporary. quarters at No. 7 Shantung Road, when among those present were Messrs. Tsang Sing-chia, Yeh Weichuan, Fu Ping-kuei, 8. P. Kiang, F. C. Tong and Zih Tsong-ping. It was resolved to capitalize the concern at $5,000,000, the whole of which is said to have been pledged.
Text read from the printed page and cleaned; old type leaves the occasional error.