Subprime fall-out 
China Construction Bank, one of the country’s big four state lenders, said it held US$1.062 billion worth of U.S. subprime mortgage loan-backed securities at the end of June and expects the securities to have ”limited impact” on its operating results for the year.
Analysts said the U.S. subprime exposure to Construction Bank was manageable, because it only accounted for about 2.5 per cent of its equity, and the company’s shares jumped 4 per cent on Monday amid a broad market rally.
