男女羞羞视频在线观看,国产精品黄色免费,麻豆91在线视频,美女被羞羞免费软件下载,国产的一级片,亚洲熟色妇,天天操夜夜摸,一区二区三区在线电影
  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: 晋中市| 陕西省| 彭水| 萨迦县| 永川市| 虎林市| 榆社县| 浦东新区| 华安县| 长泰县| 潜山县| 阿荣旗| 潢川县| 衡阳县| 鹿泉市| 郎溪县| 小金县| 綦江县| 鲜城| 鹤庆县| 开阳县| 靖安县| 远安县| 靖江市| 盐源县| 光泽县| 裕民县| 阿拉善左旗| 漯河市| 巴彦县| 拉孜县| 正蓝旗| 理塘县| 海丰县| 龙山县| 阿尔山市| 荆门市| 塘沽区| 宜兰市| 沙雅县| 双柏县| 武宁县| 东乌珠穆沁旗| 万荣县| 南岸区| 玉树县| 耿马| 吐鲁番市| 根河市| 沙洋县| 伽师县| 灵寿县| 台南市| 丰宁| 青州市| 昌吉市| 太原市| 库尔勒市| 华宁县| 保靖县| 许昌县| 衡水市| 木里| 镇宁| 克东县| 开原市| 翁源县| 永宁县| 绥滨县| 新平| 乌恰县| 海宁市| 东丰县| 遂宁市| 江永县| 磐安县| 柳河县| 浦城县| 独山县| 正蓝旗| 陵川县| 南皮县|