CCB chairman resigns amid probes

The chairman of the China Construction Bank, China's largest property lender, unexpectedly resigned amid probes of possible corruption and ahead of a planned international IPO, media reports say, citing unnamed sources familiar with the situation. Though the bank's rating would unlikely be affected by Zhang Enzhao's departure, ratings agency Standard & Poor's said it could adversely impact the planned IPO, valued at up to $10bn, the largest yet by a Chinese company.