No hybrid ownership now: CCB

Source:Reuters Published: 2014-9-1 23:43:01

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 said.

CCB reported slowing profit growth and an increase in bad loans in the second quarter on Friday, joining its peers that were also impacted by the slowing economy.

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