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China Construction Bk: loan cap won't hit 08 profit

Thu Dec 27, 2007 9:29pm EST

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BEIJING, Dec 28 (Reuters) - Lending controls by China's central bank are unlikely to affect China Construction Bank's (601939.SS)(0939.HK) profits next year, the bank's chairman told reporters on Friday.

China's central bank has capped 2008 quotas for new lending by the Big Four state banks as part of its campaign to curb credit growth and keep the economy on an even keel.

China Construction Bank was told to keep new loans in 2008 within this year's target, which was 350 billion yuan ($47.83 billion), banking sources told Reuters this week. ($1=7.317 Yuan) (Reporting by Xie Heng; Editing by Edmund Klamann)



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