CCB fund dealing commissions jump

Updated: 2007-06-20 16:10

China Construction Bank (CCB) said in Beijing Wednesday that it earned 2.4 billion yuan (US$315.03 million) in commissions from fund transactions from January to April, more than 40 percent higher than the previous year's total.

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The country's two stock markets have risen by 300 percent in the last year and half.

During the first four months of the year, the bank earned commission on more than 160 billion yuan funds it sold, 70 percent higher than the previous. It also earned commission on more than 100 billion yuan it bought.

"We have taken various measures to make us better funds managers this year," said a senior manager with the bank.

The income, accounting for 40 percent of the bank's income from personal financial business, represents 26 percent of the bank's intermediate business, the bank said.

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