China's CCB says it has no plans to raise capital

BEIJING | Fri Feb 26, 2010 5:34am EST

BEIJING Feb 26 (Reuters) - China Construction Bank Corp (0939.HK) (601939.SS), the country's second-largest bank by assets, has no plans to raise fresh capital, Chairman Guo Shuqing said on Friday.

The China Banking Regulatory Commission has been pressing lenders to replenish their capital base after a record surge in lending last year, and a number of banks are in the process of raising fresh equity or selling bonds.

Speaking to reporters on the sidelines of the Chinese Economists 50 Forum, Guo said he had not received word from the authorities that Beijing might ask big banks to increase their capital adequacy ratio to 11.5 percent this year from an 11 percent average at present.

A newspaper reported such a plan on Friday. [ID:nTOE61P00D]

Guo said CCB's lending this month totalled several tens of billions of yuan, a figure he characterised as "not too high". (Reporting by Zhou Xin and Alan Wheatley; Editing by Jacqueline Wong)

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