Smart bank transition continues

Second-biggest lender by assets deepens existing moves for diversified services, says chairman

The chairman of China Construction Bank Corp, the country's second-biggest commercial lender by assets, said it was deepening its transition toward innovative smart banking with comprehensive businesses and diversified services.

Chairman Wang Hongzhang said that facing the pressure of multiple factors such as economic restructuring, interest rate liberalization and the impact of internet finance, it was inevitable for his bank to accelerate the transition and to deepen financial reforms.