Tian, 57, tipped for top post at CCB

China Construction Bank Corp, the country's second-largest bank, has nominated Tian Guoli, head of Bank of China Ltd, as its next chairman, the bank confirmed on Tuesday.

Tian, 57, has been appointed as the bank's Party chief by the Organization Department of the Communist Party of China Central Committee. CCB's current chairman Wang Hongzhang, 63, will leave the position as he has reached the retirement age, according to CCB's media office.

Chen Siqing, BOC's current president, is expected to succeed Tian as the lender's chairman, sources with the knowledge of the matter said.