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SHANGHAI, China (AP) -- China Construction Bank, the country's biggest property lender, said Saturday its third quarter net profit was 22.8 billion yuan ($3 billion) on strong interest and fee income. The state-owned commercial bank released its unaudited third-quarter financial results according to International Financial Reporting Standards in a statement to the Hong Kong Stock Exchange. The bank gave no comparative figures for the previous year's third quarter. It said its third quarter net interest income was 50 billion yuan ($6.7 billion). China Construction Bank's shares began trading in Shanghai last month in addition to trading in Hong Kong. China's major state banks have seen fees and interest income surge in recent months. Industry leader Industrial & Commercial Bank of China reported a 75 percent rise in its third quarter profit.
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