China leading banks: No Dubai bonds

China's leading banks say they do not hold the troubled Dubai World bonds. Industrial and Commercial Bank of China says it has had no exposure to bonds issued by Dubai World.

Bank of China added that it is also without the battered bonds, and any Dubai sovereign funds or related institutions. The overseas branches of Bank of China do not have a direct credit business relationship with Dubai World. Meanwhile, the China Construction Bank Corporation says their investigation is under way.