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CBA closes stake sale in Bank of Hangzhou to NCI

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Summary
Nutrition label

82% Informative

Commonwealth Bank of Australia ( CBA ) has concluded the sale of its remaining shareholding in Bank of Hangzhou ( HZB ) to New China Life Insurance ( NCI ), a Beijing -based life insurer.

The transaction marks the completion of CBA ’s divestment from the Chinese bank.

VR Score

81

Informative language

78

Neutral language

84

Article tone

formal

Language

English

Language complexity

52

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

medium-lived

Affiliate links

no affiliate links