www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

  Home>News Center>China
       
 

CCB removes two senior leaders amid listing
(Agencies)
Updated: 2005-05-30 08:31

Scandal-ridden China Construction Bank has removed two senior officials in a bid to present a clean image to potential investors ahead of a planned overseas share sale, state media reported.


A woman sweeps garbage off the street in front of a branch of China Construction Bank in Beijing in this undated file photo. The bank has removed two senior officials in a bid to present a clean image ahead of a planned overseas share sale, a report says. [AFP]
The heads of two provincial branches have left office to take the blame for financial crimes and irregularities that happened at outlets under their jurisdiction, the Xinhua news agency reported.

"We made the decision to build the sense of responsibility and tighten up rule enforcement at the entire bank," an unnamed spokesman at China's third-largest bank told Xinhua.

The bank's headquarters said it had accepted the resignation of Liang Fucheng, president of the branch in the northern province of Shanxi, and Sun Jiancheng, president of the Hunan provincial branch in central China.

Since Sun took over his job in October 2003, nine major cases of misdemeanors have been uncovered in Hunan, amounting to a total of 30 million yuan (3.6 million dollars), the Beijing News reported.

"There has been no obvious improvement in operations since Sun took over," the paper commented.

The bank has been extra sensitive to suspicions of wrongdoing after its former chairman Zhang Enzhao stepped down amid media reports of corruption earlier this year.

Despite the high-profile resignation, the bank is forging ahead with plans to raise up to five billion dollars in an initial public offering overseas, state media has reported.

China Construction Bank, along with Bank of China, another state bank, is undergoing restructuring in preparation for a global stock offering.

Guo Shuqing, the bank's new chairman who took over from Zhang, has been quoted by state media as saying the bank's management team will accomplish the listing this year and the bank will speed up its talks with foreign investors.

The two branch heads are the first to fall foul of new rules at China Construction Bank requiring leading staff members who "grossly neglect their duty" to take the blame and resign, regardless of their position.

"The leader should resign if his or her breach of duty results in economic crime or irregularities committed by his or her subordinates," Xinhua said, quoting the regulations.

"Those in charge of bank branches or business outlets should also be severely punished if such cases were uncovered by their superiors or state supervision departments."

Doubts about corporate governance at the bank -- and at others also planning to list such as Bank of China -- have increased recently following a series of scandals involving fraud and embezzlement worth millions of dollars.

Reports emerged earlier this year that eight million dollars had gone missing from one of China Construction Bank's branches in northeastern Jilin province, along with one or two officials.

Bank of China, the nation's number two lender, is also looking into the disappearance of an huge sum of money from a sub-branch in Harbin near the Russian border.

In that case, reports have indicated that at least two officials fled the country after embezzling up to one billion yuan (120 million dollars) of funds deposited by a number of mainland companies.

It is believed that the China Construction Bank and Bank of China are under immense pressure from the government to perform better.

In late 2003, as part of efforts to prepare them for its overseas listing, the central government provided each with a 22.5-billion-dollar fund injection taken directly from the nation's foreign exchange reserves.



 
  Today's Top News     Top China News
 

China to scrap export tariffs on some textiles

 

   
 

CCB removes two senior leaders amid listing

 

   
 

End of tax breaks for companies in sight

 

   
 

French voters reject first EU constitution

 

   
 

China rips Japan's war-criminal remarks

 

   
 

3 in 5 Japanese oppose Koizumi's shrine visit

 

   
  EU safeguard measures on textiles opposed
   
  Unhealthy lifestyle blamed for fatal diseases
   
  CCB removes two senior leaders amid listing
   
  World Bank gives cities high marks
   
  End of tax breaks for companies in sight
   
  Guangdong police target loan sharks
   
 
  Go to Another Section  
 
 
  Story Tools  
   
  Related Stories  
   
CCB approves resignation of provincial heads
   
Construction Bank nears sale of stakes
   
Forex chief elected to chair CCB
   
China's forex chief takes helm of CCB
   
Former bank chairman faces US lawsuit
   
China Construction Bank chief quits
   
CCB chairman quits amid graft allegations
  News Talk  
  It is time to prepare for Beijing - 2008  
Advertisement
         
主站蜘蛛池模板: 好叼操这里只有精品 | 国产成人综合在线视频 | 精品成人免费一区二区在线播放 | avtt亚洲一区中文字幕 | 亚洲日本一区二区三区 | 色欧美与xxxxx | 一级黄色免费网站 | 手机看片久久国产免费不卡 | 久久国产一区二区三区 | 国产亚洲精品一区二区久久 | 国产三级日本三级日产三 | 韩国美女爽快一级毛片黄 | 久久日本三级韩国三级 | 中文字幕一级毛片视频 | 日本在线www | 91精品国产91久久 | 欧美一线高本道高清在线 | 亚洲成av人片在线观看无码 | 免费中文字幕一级毛片 | 国内自拍区| 一级毛片日韩a欧美 | 免费一级特黄特色黄大任片 | 深夜做爰性大片很黄很色视频 | 亚洲欧美日本人成在线观看 | 国产精品青草久久久久福利99 | 国产一级一级片 | 美国毛片免费一级 | 免费特级毛片 | 国产成人av性色在线影院 | 鲁丝片一区二区三区免费 | 最新亚洲精品国自产在线 | 国产成人女人在线视频观看 | 日产一区2区三区有限公司 日产一区两区三区 | 亚洲三级成人 | 香蕉视频黄色在线观看 | 欧美一级毛片免费大片 | 久久久久一级片 | a级片免费在线播放 | 热99re久久精品精品免费 | 午夜爽爽 | 在线观看 a国v |