ICBC denies

The Industrial and Commercial Bank of China denied a media report that it may buy a stake in Taiwan's Mega Financial Holding Co.

Gu Shu, a Beijing-based board secretary of ICBC, said in a telephone interview yesterday that the bank has not heard of such a plan. ICBC and the Bank of China are interested in buying shares in Mega Financial, which may invest in the Chinese mainland's lenders, Taipei-based Economic Daily News said last Friday.