• Fri
  • Jul 11, 2014
  • Updated: 2:41pm

China Construction Bank

Founded in 1954 as the People’s Construction Bank of China, China Construction Bank is one of the 'big four' banks in the People's Republic of China. The other three are Industrial and Commercial Bank of China, Bank of China and Agricultural Bank of China. In 2011 CCB was the second largest bank in the world by market capitalisation and 13th largest company in the world.

CCB's London clearing bank prize seen as a major yuan milestone

China Construction Bank's appointment last week as the sole yuan clearing bank in London is a milestone step to grow mainland banks' market share in the city.

Monday, 16 June, 2014, 3:46am

China Construction Bank eyes issue of 20b yuan of subordinate debt

China Construction Bank plans to issue 20 billion yuan (HK$25.2 billion) of subordinate debt on the mainland and is studying the feasibility of issuing preference shares to boost capital.

1 Apr 2014 - 1:20am

Construction Bank profit grows 11pc on interest income and cost controls

China Construction Bank, the mainland's second-biggest bank by assets, recorded an 11 per cent gain in net profit to 214.7 billion yuan (HK$270 billion) for last year, thanks to steady growth in net interest income and effective control of operating costs.

31 Mar 2014 - 7:52am

Investors' funds at risk as trust product sold by CCB defaults

A high-yield investment product backed by a loan to a debt-ridden coal company failed to repay investors when it matured on Friday, state media reported yesterday, in the latest sign of financial stress in the mainland's shadow banking sector.

14 Feb 2014 - 5:17pm

China Construction Bank buys control of Brazil lender

China Construction Bank, the country's second-biggest lender by assets, agreed to pay 1.62 billion reais (HK$5.7 billion) for a majority stake in Brazil's Banco Industrial e Comercial.

4 Nov 2013 - 12:28pm

CCB 'close to deal' to acquire BicBanco

China Construction Bank, the nation's second-biggest lender by assets, is close to reaching a deal to acquire Brazil's Banco Industrial & Comercial, according to a person with direct knowledge of the matter.

31 Oct 2013 - 9:46am

Opening of China Construction Bank's European headquarters spurs Luxembourg's yuan hub hopes

Luxembourg hailed the opening on Tuesday of the European headquarters of a third Chinese bank, underlining the tiny country’s ambition to corner a larger share of Europe’s offshore yuan business.

30 Oct 2013 - 4:06pm

China Construction Bank profit growth slows to 9.4pc on provisions

China Construction Bank (CCB), the mainland's second-largest lender, reported its slowest third-quarter earnings growth in more than five years yesterday as increased loan-loss provisions eroded profits.

28 Oct 2013 - 1:42am

Banks will not end connected hiring

Banks have no plans to change their policy of hiring so-called princelings or other well-connected people to help grow their business on the mainland or in other emerging markets - despite the shockwaves caused by news that United States regulators are investigating JP Morgan's hirings of the children of the elite in China.

16 Sep 2013 - 7:12am

Chinese firms in Hong Kong may be new paradises for 'princelings'

It's a season of change in Hong Kong. Change what? Quietly changing jobs for some important people. The US government announced last month that it would investigate JP Morgan's Hong Kong hiring practices relating to job offers for children of some important people on the mainland, and as a result, several such "important kids" working for other foreign banks are now seriously considering new jobs.

16 Sep 2013 - 7:20am 4 comments

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