China's CCB says 10 pct BofA stake is reasonable

HONG KONG, March 30 (Reuters) - China Construction Bank (CCB) (0939.HK), the world's second-largest lender by market value, said on Monday that it would be reasonable for Bank of America (BofA) (BAC.N) to reduce its stake in the Chinese lender to 10 percent.

Earlier this year, BofA sold 2.5 percent of its stake in CCB. BofA still owns 16.6 percent of CCB.

Any equity sale by the U.S. bank would have no negative impact on CCB's operations, said the bank's President Zhang Jianguo, speaking at a press conference here on Monday.

Construction Bank disappointed investors late on Friday with fourth-quarter earnings that fell short of analysts' forecasts as it booked higher-than-expected impairment charges for bad loans.