According to CCB Bank of America will keep its remaining share in capital of CCB, China's second-largest bank. And the sale by bank of America of $7.3 billion in CCB shares earlier doesn’t mean that these two banks will alter their long-term strategic relationship.

A CCB spokesman said that Bank of America sale of CCB shares is viewed by Chinese bank as BofA moved to support its capital.

As it was confirmed by CCB, bank of America has sold $7.32 billion (HK$56.74 billion) in CCB shares, equivalent to 5.78% stake. The sales have emerged on Tuesday and as far as it can be can be known from a source directly involved with the deal 13.5 billion CCB shares were sold, priced at HK$4.20 per share.

According to CCB spokesman at present time 25.58 billion of CCB's Hong Kong-listed H shares belong to BofA, which comes to 11% of total number of CCB’s shares. As he added later the two banks still had plans for this year, which include projects in retail and corporate operations, information technology and risk management.

The possible reason of BofA’s sale of CCB’s shares is order of US government to find new capital according to a “stress test” of US 19 large banks.

In January $2.8 billion worth of CCB shares was offloaded by the bank.