SHANGHAI Dec 9 CCB International (Holdings) Ltd,
a wholly owned investment banking arm of China Construction Bank
Corp (0939.HK) (601939.SS), is close to launching a $1 billion
private equity fund in Hong Kong, CCB International CEO Hu
Zhanghong told a conference on Wednesday.
The private equity fund is planning to take a 15 percent
stake in Bank of Shanghai, Hu told reporters on the sidelines of
the conference. HSBC (0005.HK) (HSBA.L) also holds a stake in
unlisted Bank of Shanghai.
(Reporting by Samuel Shen and Edmund Klamann; Editing by