The China Construction Bank Corporation (CCB) announced in Beijing Friday that Guo Shuqing has been elected chairman of the board of directors of the bank.

The CCB interim share-holders' conference and the meeting of the board of directors that opened here this morning held that Guo Shuqing has leadership experiences in both the former State Planning Commission and the State Commission for Restructuring the Economy, and worked as vice governor of Guizhou Province, vice governor of the People's Bank of China and director of the State Administration of Foreign Exchange. A man of strategic vision, strong sense of reform and innovation, and chairman of the bank, Guo will play an important role in promoting CCB's reform and development and the process of internationalization.

The announcement says the CCB is at a critical time of reform and development, it will resolutely seize the opportunity to promote the bank's share-holding restructure process and other undertakings in an all-round way in line with the state's unified deployment.

Guo Shuqing said he will certainly not let down the expectations of the state, shareholders, clients and staff of the bank. He will work closely with the whole bank and make efforts to continuously push forward the bank's reform and development, and build the CCB into a modern commercial bank with international competitive edge.

(Xinhua News Agency March 25, 2005)