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CCB plans listing this year
18/5/2005 16:37

Wendy Zhang/ Shanghai Daily news

The China Construction Bank (CCB) will go public this year if there are no unusual events, Guo Shuqing, Chairman of the board of CCB, announced in a CCTV interview. It was the first time for CCB executives to clarify the timetable for listing the bank on the exchange, eastday.com reported today.
"We have a clear goal to list, issue, and trade shares this year, and our pricing system will certainly follow international practices," Guo stressed, adding that share prices will be acceptable to the public, with excessive high or low prices avoided.
Currently, the capital equity ratio for CCB has reached 12 percent, with less than four percent in bad debts, and some main business indices have already met the standards of the 100 large global banks.