In line with such a  BIS Review 4/2006  3  spirit, we have carefully studied and discussed property right reform for Bank of China, China Construction Bank and the Industrial and Commercial Bank of China, hoping to avoid the co-existence of both listed companies and the legacy companies like before. All three conducted complete financial restructuring.
Among them, China Construction Bank has less than 10 percent of capital invested by the China Jianyin Investment Co. Ltd. which is responsible for providing trust loans on behalf of fiscal authority. And the China Jianyin Investment Co. Ltd. is not a legacy company. The China Construction Bank reform is still complete restructuring.