CRI听力:Bank of Communications Shares Rally Amid Reform Plans
Shares of Bank of Communications have rallied in Shanghai for the second straight day through Tuesday after the state-run lender announced plans to improve risk controls to boost competitiveness.
Bank of Communications shares jumped over 2.5-percent yesterday, after almost gaining the maximum 10-percent in value on Monday.
In a statement filed with the Hong Kong Stock Exchange, Bank of Communications says it's studying plans to diversify its ownership and improve its corporate governance.
The move is part of a broader plan by the central government to make better use of state assets through allowing more private money into the system.
For more on what's happening on this front, we are joined on the line by Benjamin Cavender, Principal of China Market Research Group.
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