Reporters' Log

Bank of China to hire 10,000 college grads

By Zheng Lifei (chinadaily.com.cn)
Updated: 2009-03-07 15:33

Bank of China, the country's third-largest lender, plans to recruit 10,000 college graduates to staff its expanding networks, its president said.

The hiring "will be the biggest among the country's commercial banks," the Beijing Times reported, citing Li Lihui, president of Bank of China.

The nation's biggest foreign exchange bank will also expand its networks this year and some of the new recruits will be assigned to those outlets, Li said on the sidelines of the annual sessions of the National People's Congress (NPC) and the Chinese People's Political Consultative Conference (CPPCC).

The Beijing-based lender also said on Saturday that Temasek Holdings Pte, which owns 4.1 percent of the bank, would not sell its stake until at least June 30, Xinhua News Agency reported, citing Chairman Xiao Gang.

Temasek, Singapore's government-owned investment company, has 10.48 billion Hong Kong-listed shares of Bank of China.

Xiao also denied rumors that Bank of China will take its Hong Kong subsidiary BOC Hong Kong private.

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