By Clarence Leong

China Construction Bank Corp. said first-half net profit rose 11% to 153.30 billion yuan ($23.69 billion), helped by a rise in net interest income.

The bank, which released its results after markets closed on Friday, said net interest income gained 5.2% from a year earlier.

Net fee and commission income increased 6.8% as the bank seized market opportunities in wealth management.

CCB said it expects China's banking industry will face a "more complex and varied operating environment" in the second half.

Uncertainties surrounding the pandemic and higher commodity prices are among factors that could weigh on profitability and asset quality, it said.

Meanwhile, there is likely to be "huge demands for financial services" from infrastructure, manufacturing, green credit and others, the bank said.

Write to Clarence Leong at clarence.leong@wsj.com

(END) Dow Jones Newswires

08-29-21 2201ET