日韩午夜精品视频,欧美私密网站,国产一区二区三区四区,国产主播一区二区三区四区

Tools: Save | Print | E-mail | Most Read
China Construction Bank Appoints New Chief
Adjust font size:

The board of China Construction Bank (CCB), one of China's Big Four, appointed Zhang Jianguo as its bank's new chief, CCB announced late on Thursday.

 

The appointment is pending approval from the China Banking Regulatory Commission.

 

Hu Changmiao, spokesman for CCB, said the decision was made in a board meeting held on Thursday afternoon. CCB will hold a stockholders' meeting at a later date and send Zhang's profiles to all stockholders.

 

Hu said the board also decided to appoint Zhang deputy director of the CCB board and the executive director of the board.

 

Zhang, 51, has been acting head of China's Bank of Communications since May 2004. He submitted his resignation to the bank on Tuesday after CCB announced that its board had accepted the resignation of former CCB president Chang Zhenming.

 

The board of CCB considered Zhang the best choice because of his experience in commercial banks and in administration, according to a source close to CCB.

 

Under Zhang's leadership, Bank of Communications sold a 19.9 percent stake to Hong Kong and Shanghai Banking Corporation Limited (HSBC). It also listed on the Mainland Board of the Hong Kong Stock Exchange in June 2005, the first commercial Chinese mainland bank to list overseas.

 

Accepting his appointment on Thursday, Zhang said he was confident of making CCB one of the world's top commercial banks, with the help of CCB's over 300,000 employees.

 

The annual report of the Bank of Communications showed that net profits of the bank in 2005 increased by 7.64 billion yuan (US$953 million), or 476.62 percent over the same period in 2004.

 

CCB took the lead among China's Big Four state banks to go public in Hong Kong last October, its shares making a strong trading debut with investors eager to buy into China's robust economy.

 

China must overhaul its debt-laden domestic banks ahead of the full opening of its financial market to foreign competition by the end of this year, observers have said, and public listing is expected to help the banks improve management.

 

CCB's core capital reached 287.7 billion yuan (US$36 billion) by the end of 2005, with its capital adequacy ratio, a measure of its own capital in proportion to its outstanding lending, also rising to 13.57 percent.

 

By the end of last year, the bank's non-performing loan (NPL) ratio stood at 3.84 percent, the lowest among the Big Four banks, which include The Industrial and Commercial Bank of China Corporation (ICBC), Bank of China (BOC) and Agricultural Bank of China (ABC).

 

(Xinhua News Agency July 28, 2006)

Tools: Save | Print | E-mail | Most Read

Related Stories
President of China Construction Bank Resigns
CCB to Start Overseas Investment Program
CCB Takes No Risk with New Appointment
CCB Sells US$120 Mln Worth of Mortgage Assets
CCB Acclaimed as Country's Top Bank
CCB Offers Development Credit to Shanxi
CCB Bank IPO Raises US$8 Bln

Product Directory
China Search
Country Search
Hot Buys
SiteMap | About Us | RSS | Newsletter | Feedback
SEARCH THIS SITE
Copyright ? China.org.cn. All Rights Reserved ????E-mail: webmaster@china.org.cn Tel: 86-10-88828000 京ICP證 040089號
主站蜘蛛池模板: 衡山县| 石渠县| 韶关市| 静宁县| 中江县| 冷水江市| 宜兴市| 巴彦县| 遂昌县| 呈贡县| 遂平县| 卓资县| 新化县| 滦南县| 华宁县| 弥渡县| 姚安县| 宜宾县| 彝良县| 清新县| 宜章县| 加查县| 横峰县| 四子王旗| 彰武县| 扎囊县| 呈贡县| 永康市| 平南县| 宕昌县| 吉木萨尔县| 密云县| 海丰县| 大冶市| 蓬莱市| 铜梁县| 宿松县| 闽侯县| 嘉峪关市| 扎兰屯市| 朝阳区|