SHANGHAI, March 9 (Reuters) - Bank of China said on Tuesday it has no other fundraising plans in the A-share market after its 40 billion yuan ($5.86 billion) convertible bond issue, and sees its new loans growth this year at around 10 percent.
Bank of China's Chairman Xiao Gang said the bank was still sorting out its loans to local governments in line with policy and will retain more profits as reserve this year to supplement capital.
(Reporting by Zhong Hua and Melanie Lee; Editing by Jacqueline Wong)
((melanie.lee@thomsonreuters.com; +86 21 6104 1778; Reuters Messaging: melanie.lee.reuters.com@reuters.net)) ($1=6.826 Yuan) Keywords: BANKOFCHINA/ (If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
Bank of China's Chairman Xiao Gang said the bank was still sorting out its loans to local governments in line with policy and will retain more profits as reserve this year to supplement capital.
(Reporting by Zhong Hua and Melanie Lee; Editing by Jacqueline Wong)
((melanie.lee@thomsonreuters.com; +86 21 6104 1778; Reuters Messaging: melanie.lee.reuters.com@reuters.net)) ($1=6.826 Yuan) Keywords: BANKOFCHINA/ (If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
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