Construction bank seeks listing by year-end

　　建设银行寻求年底上市

　　China Construction Bank (CCB) is bracing¹ to get itself listed on the stock market by the end of 2005, said Guo Shuqing, head of the CCB board of directors.

　　Guo said in Beijing Thursday that go listing is of positive and profound significance for his bank. Employing the fund-raising function of the capital market, supervision² and restraint function, introducing competition and supervision mechanism³, and alluring⁴ managerial experience and talents from overseas will be crucial for modernizing⁵ commercial banks like CCB or is the only option for the bank to transform.

　　The bank, currently contacting with potential strategic foreign investors⁷, is expected to carry out relevant probes, he noted⁸.

　　Guo went on to say that his bank pledged to go in for in-depth reform, including further improving company structure, establishing employees' incentive⁹ system and promoting company's management level.

　　The bank reaped 17.29 billion yuan (US$2 billion) worth of pre-tax profits in the first quarter of 2005, 8.64 billion yuan (US$1 billion) more than in the same period last year.

　　中国建设银行（CCB）正在为2005年底上市做准备，中国建设银行董事长郭树清说。

　　星期四，郭树清在北京说，上市对该行有着积极、深远的影响。在资本市场上发挥筹措资金、监督及约束功能，引入竞争和监督机制，吸收海外的管理经验和人才等，对于象建设银行这类商业银行的现代化是至关重要的，或者说，对该行改革是唯一的选择。

　　他指出，该行目前与潜在的战略投资者进行接触，作一些相关的探索。

　　郭继续说，该行保证继续深化改革，包括进一步改善公司治理结构，建立员工激励机制，提高公司管理水平。

　　该行在2005年第一季度创造了172.9亿元（20亿美元）税前利润，比去年同期多86.4亿元（10亿美元）。

　　Notes:

　　1.brace  v.i.：to get ready; make preparations.

　　准备好；做准备

　　2.employ:to devote (time, for example) to an activity or purpose:

　　投入：投入（例如，时间）到一个活动或目的中：

　　employed much time and energy to the hobby.

　　在这项业余爱好上花了大量时间和精力

　　3.restraint n. the act of restraining or the condition of being restrained.

　　抑制，遏制

　　4.al.lure¹⁰ v.t.to attract with something desirable; entice¹¹:

　　诱惑；引诱：

　　Promises of quick profits allure¹² the unwary investor⁶.

　　能很快收得到利润的承诺吸引了心存侥幸的投资者

　　5.probe n. an investigation¹³ into unfamiliar¹⁴ matters or questionable¹⁵ activities; a penetrating¹⁶ inquiry¹⁷:

　　调查，查究

　　例：a congressional probe into price fixing.

　　议会对价格稳定的调查

　　6.expect v.tr. to look forward to the probable occurrence or appearance of:

　　期待：期望某事的发生或出现

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