China Construction Bank posts zero profit growth

Beijing

CHINA Construction Bank Corp, the nation's second-largest lender, joined the club of big Chinese banks reporting zero profit growth and rising bad loans as the government struggles to prop up the economy.

Net income for the three months through June 30 was 64.9 billion yuan (S$14.3 billion), unchanged from a year earlier, based on an exchange filing on Sunday. That compared with the 65.3 billion yuan median of 10 analysts' estimates compiled by Bloomberg.