BANK OF CHINA BUYS SHARE IN LUXEMBOURG COMPANY
  State-owned Bank of China has bought a
  three to five pct share of BAII Holding SA, a financial
  institution registered in Luxembourg, the China Daily Business
  Weekly said.
      It said the institution is 50 pct owned by Arab interests
  and has set up a wholly owned commercial banking branch in Hong
  Kong but gave no more details.