CITIC Bank president says CTBC deal cancellation due to commercial reasons

Neither side could find an agreement after two years of discussions, Sun Deshun told a press conference in Beijing.

The two sides had earlier announced in separate statements they had agreed to end the contract signed more than a year earlier. [nL3N1B7167]

(Reporting by Shu Zhang and Beijing Newsroom; Editing by Muralikumar Anantharaman)