HONG KONG, Sept 1 China Construction Bank Corp
(CCB) has no plans now to implement a
hybrid ownership scheme, Chairman Wang Hongzhang said on Monday.
Wang was referring to a new scheme to be piloted by Bank of
Communications which will see the
Shanghai-based lender bring in more private investment.
CCB would also implement any government request to reduce
supervisors' pay at state-owned companies, Wang told reporters
On Friday, CCB reported slowing profit growth and an
increase in bad loans in the second quarter, joining its peers
that were also impacted by the slowing economy.
China's biggest banks are turning their back on mainstay
borrowers like manufacturers and courting high growth industries
such as healthcare, food and IT in a bid to boost revenue.
(Reporting by Lawrence White; Editing by Miral Fahmy)