China Construction Bank Corp., part-owned by Bank of America Corp., plans to sell shares to raise about 75 billion yuan ($11 billion) of capital this year, said two people with direct knowledge of the matter.

The Beijing bank may raise as much as 45 billion yuan in a private placement on the share market in Shanghai and 30 billion yuan in a rights offer in Hong Kong, said the people, declining to be named because the plans are not public.

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