摘要
China Construction Bank signed an agreement with MorganStanley to jointly dispose RMB4.3 billion (US$518 millionworth of non-performing assets). It is the first case for a ChineseState-owned commercial bank and a foreign company united todeal with such assets.Under the agreement, the two sides will establish a cooperativejoint venture that will officially own the assets and a joint ven-ture loan-servicing company to manage and deal with the assets.
