• Fri
  • Nov 28, 2014
  • Updated: 3:51am

CCB

Profits rise at mainland China banks but headwinds hit growth

The mainland's three largest banks yesterday posted first-quarter growth in net profit ranging from just over 8 per cent to almost 16 per cent year on year. Those increases were smaller than last year's as the lenders felt the effects of the country's economic slowdown.

Saturday, 27 April, 2013, 5:45am

China's Big Four banks lend 53pc more in March on investment boom

New loans doled out by the mainland's Big Four banks surged 53 per cent last month compared to February, underscoring the ample liquidity available to meet the demand of the nation's investment boom. The four largest lenders extended a total of 331 billion yuan (HK$414 billion) in new loans last month, compared to 216 billion yuan in February and 370 billion yuan in January, the official China Securities Journal reported yesterday, citing unnamed sources.

4 Apr 2013 - 4:01am

CCB expects loan quality to remain stable this year

CCB's non-performing loans rose three billion yuan to four billion yuan over last year to 74.6 billion yuan (HK$92.2 billion). More than six billion yuan of bad loans were booked as losses, said chief financial officer Zeng Jianhua.

26 Mar 2013 - 3:18am

CCB says greater competition set to hurt growth

China Construction Bank, the mainland's second-biggest bank by assets after Industrial and Commercial Bank of China, has warned that interest rate liberalisation could hurt its future income growth, after cuts to government-set benchmark interest rates in the middle of last year.

25 Mar 2013 - 5:34am

CCB will follow its clients to overseas markets

China Construction Bank, the mainland's No 2 bank by assets, plans to parlay its overseas operations into a global bank by 2015.

Zhang Jianguo, president of the Beijing-headquartered bank, said that besides building on its network in the United States, Europe and the Asia-Pacific region, the bank would consider expanding through mergers and acquisitions.

20 Nov 2012 - 3:51am

CCB joins capital raising queue - again

The near non-stop capital raising by major Chinese banks is showing no sign of slowing, with China Construction Bank (0939.HK; Shanghai: 601939) announcing yet another new plan to sell up to 40 billion yuan, or US$

19 Nov 2012 - 7:19pm

CCB planning offshore yuan bond issue in London

China Construction Bank is planning to issue an offshore yuan bond in London, a move to further promote China’s currency outside Asia as Beijing accelerates the process to make it international.

2 Nov 2012 - 3:40pm

China Construction Bank on the prowl for European lender

China Construction Bank surprised its industry peers and bank analysts yesterday with a disclosure by the bank's chairman that the mainland's No1 property lender might spend as much as 100 billion yuan (HK$122.5 billion) to acquire a stake in a European bank.

18 Sep 2012 - 3:39am

China Construction Bank on the prowl for European lender

China Construction Bank surprised its industry peers and bank analysts yesterday with a disclosure by the bank's chairman that the mainland's No1 property lender might spend as much as 100 billion yuan (HK$122.5 billion) to acquire a stake in a European bank.

18 Sep 2012 - 7:40am

Baosteel behind sale of CCB shares

A shareholder sold a large chunk of China Construction Bank shares yesterday, hoping to raise up to HK$4 billion, term sheets showed, without naming the vendor.

A banker familiar with the transaction told the South China Morning Post that leading steelmaker Baosteel was behind the sale.

8 Sep 2012 - 2:55am

Baosteel behind HK$4 billion sell-off of CCB shares

A mainland shareholder sold a large chunk of China Construction Bank on Friday, hoping to raise up to HK$4 billion, according to term sheets seen by the South China Morning Post.

A banker familiar with the transaction told the Post the shareholder was leading steel maker Baosteel.

7 Sep 2012 - 10:35pm

Rule changes hit CCB fee income

China Construction Bank, the second-largest mainland lender by assets, reported its smallest half-yearly profit growth since 2009 as mainland regulatory changes eroded its fee income.

The lender reported a better-than-expected first-half attributable profit, up 14.5 per cent year on year to 106.28 billion yuan (HK$129.68 billion).

27 Aug 2012 - 5:04am

CCB shares rebound after sale of stake

China Construction Bank's share price rebounded amid a sluggish market yesterday after Bank of America said it was selling a portion of its stake to a group of private investors.

16 Nov 2011 - 12:00am

US bank to lift stake

Bank of America Corp plans to exercise a call option to raise its stake in China Construction Bank Corp to 19.13 per cent from 10.75 per cent in a long-awaited deal worth about HK$54.8 billion.

CCB said yesterday that it had received a notice from Bank of America proposing to buy 19.58 billion H shares from China SAFE Investments through a call option this month.

18 Nov 2008 - 12:00am

CCB assets hit $2.07 trillion

Assets of China Construction Bank (CCB) hit 2.22 trillion yuan (about HK$2.07 trillion) at the end of June. The Financial News said the bank's total deposits at the end of June reached 1.25 trillion yuan while outstanding loans were 997.2 billion yuan. The newspaper gave no comparative figures.

1 Oct 1997 - 12:00am

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