human-resource management.

Zhang Enzhao, president of China Construction Bank, said his bank will continue to deepen reform to improve its business mechanism this year and in the years ahead.

"The establishment of a modern corporate-governance system will top the agenda," Zhang said.

His bank's business should cater to market demands and have a strict risk-control system, he said.

Zhang noted his bank's non-performing loans last year dropped by 3.18 percentage points from the start of 2001 to end the year at 14.92 per cent.

With the aim of reducing the amount of non-performing loans, the bank offered special prizes for those who achieved remarkable achievements and it punished those who did not fulfill their tasks. (China Daily February 9, 2002)

BACK