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.

Four of world's five biggest banks in China

ICBC has a small but growing global network that caters primarily to trade and project finance. Photo: AFP

China is now home to four of the world's five biggest banks, according to SNL Financial. But do not call them global just yet.

Sunday, 9 August, 2015, 11:15pm

Building bridges

Building bridges

2 Jul 2015 - 9:32am

Banking on growth

Banking on growth

9 Jun 2015 - 10:05am

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

China Construction Bank is now expected to roll out a broad range of yuan-related products for the London market. Photo: Bloomberg

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.

16 Jun 2014 - 3:46am

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

China Construction Bank says it will consider all ways in which to maintain capital strength. Photo: May Tse

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

The non-performing loan ratio at Construction Bank stood at 0.99 per cent last year, unchanged over the previous year. Photo: Reuters

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

The trust product raised 289 million yuan from wealthy clients of CCB. Photo: Reuters

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 is the country's second-largest in terms of assets. Photo: Reuters

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

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 has 24.5 billion yuan in dim sum bonds listed on its stock exchange. Photo: Reuters

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

A worker walks past a branch of China Construction Bank in Beijing. Photo: Reuters

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

One banker says lenders in the mainland and Hong Kong like to hire second generations from the established families. Photo: Bloomberg

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'

The JP Morgan case attracted attention on the mainland where the public is already angry about corruption within the ruling party. Photo: Reuters

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 2 comments

US lender pushes China expansion

Bank of America last week launched the sale of its remaining 2 billion H shares in China Construction Bank. Photo: Bloomberg

Bank of America's decision to sell its remaining shares in China's second-largest bank does not appear to have damaged the United States bank's plans to expand its own business on the mainland.

9 Sep 2013 - 3:44am

CCB exit is end of era for overseas lenders

Analysts say the good times are over for China's banks, which face the threat of loans to local governments going sour. Photo: Reuters

Bank of America's complete exit from China Construction Bank, the mainland's second-largest bank by assets, marks the end of major foreign banks' investment in the Big Four state-owned lenders after Beijing kicked off industry reforms about a decade ago, with the exit process having started a few years ago.

5 Sep 2013 - 3:22am