Better management of banks is the key
By Guo Tianyong | China Daily | Updated: 2007-09-11 07:24
Improved internal management is more important than executive stock options for the future development of China's State-owned banks.
China Construction Bank (CCB), the nation's second-largest bank that is due to sell shares in Shanghai soon posted a 47.5 percent increase in net profit for the first half this year. Its net profit rose to 34.25 billion yuan ($4.51 billion), up 11.03 billion yuan compared to the same period last year. Its assets at home and abroad exceed 6 trillion yuan.
CCB's good performance will benefit its smooth return to the A-share market.
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