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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.
- HSBC, Hang Seng say 11 locations to remain closed on Thursday
- Expression of opinions should be ‘conducted in a peaceful manner, without affecting the public’s access to banking services’, HKMA says
US electric vehicle maker Tesla has entered into agreements with lenders in China for loans totalling 11.25 billion yuan (US$1.6 billion) for its Shanghai car plant, its first car manufacturing site outside the US.
US electric vehicle maker Tesla has entered into agreements with lenders in China for loans totalling 11.25 billion yuan (US$1.6 billion) for its Shanghai car plant, its first car manufacturing site outside the US.
The squeeze on profitability underscores how China’s financial industry is grappling with survival after more than 12 months of a bruising trade war with the United States, amid slowing demand for loans and investments in the local economy’s slowest quarterly growth pace in decades.
The squeeze on profitability underscores how China’s financial industry is grappling with survival after more than 12 months of a bruising trade war with the United States, amid slowing demand for loans and investments in the local economy’s slowest quarterly growth pace in decades.
Non-bank players putting ‘significant pressure’ on business models for lenders in Asia, according to McKinsey, with lenders needing to seek scale to boost margins
Non-bank players putting ‘significant pressure’ on business models for lenders in Asia, according to McKinsey, with lenders needing to seek scale to boost margins
Big Chinese lenders have long sacrificed profits in the name of national service. For shareholders already skittish about the trade war, rising corporate defaults and slowing economic growth, it’s yet another reason to sell.
Big Chinese lenders have long sacrificed profits in the name of national service. For shareholders already skittish about the trade war, rising corporate defaults and slowing economic growth, it’s yet another reason to sell.
Industrial and Commercial Bank of China, the world’s largest lender by assets, as well as China’s other “Big Four” banks and Ping An Insurance are all in the top 10.
Industrial and Commercial Bank of China, the world’s largest lender by assets, as well as China’s other “Big Four” banks and Ping An Insurance are all in the top 10.
The fallout from a “window guidance” by the CBIRC on recognising non-performing loans at more than 60 days overdue will be minimal, as the country’s big state-owned lenders have been making more stringent provisions since last year, analysts have said.
The fallout from a “window guidance” by the CBIRC on recognising non-performing loans at more than 60 days overdue will be minimal, as the country’s big state-owned lenders have been making more stringent provisions since last year, analysts have said.
Shipley steps down from board to deal with legal fallout from failed construction company and after controversy around article in Chinese Communist Party mouthpiece.
Shipley steps down from board to deal with legal fallout from failed construction company and after controversy around article in Chinese Communist Party mouthpiece.
Beijing has given two of China’s biggest banks the go-ahead to set up wealth management units, a move that could create a new growth engine for an industry struggling to sustain profitability.
Beijing has given two of China’s biggest banks the go-ahead to set up wealth management units, a move that could create a new growth engine for an industry struggling to sustain profitability.
SCMP visited about 100 bank branches and ATM locations across Hong Kong, to gauge the efforts being made to make life easier for their most challenged customers – our findings were mixed
SCMP visited about 100 bank branches and ATM locations across Hong Kong, to gauge the efforts being made to make life easier for their most challenged customers – our findings were mixed
The firm is targeting culture-related assets – even though Beijing classified some of them like football clubs and cinemas as restricted – to meet growing domestic demand for cultural products and services
The firm is targeting culture-related assets – even though Beijing classified some of them like football clubs and cinemas as restricted – to meet growing domestic demand for cultural products and services
Trump’s re-election campaign has complained to the US Department of Justice about the Chinese bank’s offer
Trump’s re-election campaign has complained to the US Department of Justice about the Chinese bank’s offer
After unstaffed convenience stores and cashier-less karaoke booths, now China Construction Bank opens a branch in Shanghai run by ‘smiling’ robots
After unstaffed convenience stores and cashier-less karaoke booths, now China Construction Bank opens a branch in Shanghai run by ‘smiling’ robots
The mainland’s biggest home loan lender says apart from providing renters with funds to pay rent, it will tap on ancillary businesses for growth.
The mainland’s biggest home loan lender says apart from providing renters with funds to pay rent, it will tap on ancillary businesses for growth.