China's cheap air shox CDB: no plans now for Shenzhen Bank merger

China's cheap air shox CDB: no plans now for Shenzhen Bank merger
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China's CDB: no plans now for Shenzhen Bank mergerPublished: 23 Feb 2009 18:10:35 PST

BEIJING, Feb 23 - China Development Bank, a majorstate-owned bank, said in a press release that it has no plans atpresent to buy Shenzhen Development Bank or other banks.

Shares in Shenzhen Development Bank surged 10 percent onMonday, boosting other banking stocks, after local media reportedthat it might be bought by state-run giant CDB.

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