Bank of Kunlun Co., Ltd. (hereinafter referred to as “Bank of Kunlun” or “the Bank”) formerly named Karamay City Commercial Bank, was controlled by China National Petroleum Corporation (CNPC) through subscription of new capital in April 2009. The Bank’s capital was increased from RMB 180 million to RMB 3.1 billion. Total assets of the Bank reached to RMB 21.6 billion by the end of 2009. In the ...
