CCB in talks with foreign investors

China Construction Bank Corp ( CCB) , the country’s second- biggest lender, has opened discussions with foreign investors to take part in a handful of recently announced debt- for- equity swap deals, a senior banker told Reuters on Tuesday.

“We very much welcome the participation of foreign investors,” Zhang Minghe, head of CCB’s debt- for- equity work team, told Reuters by phone.

The Chinese government is encouraging the country’s lenders to swap struggling borrowers’ loan obligations for equity.