China Construction Bank Net Worth is$201.9 B
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Company Name: China Construction Bank Corporation

Company Logo: Image:China Construction Bank.svg

Company Type: Public company

Traded As: 0939, CICHY

Company Slogan: CCB Build in modern lifedate

Foundation: Beijing, People's Republic of China (1954)

Location City: Beijing

Location Country: China

Key People: Wang Hongzhang (Chairman)
Zhang Jianguo (President), Xin Shusen (Vice President)

Industry: Banking, Investment

Products: Finance and insurance, Credit Cards

Revenue: link

Net Income: 169.43 billion (2011)
Assets: 12.281 trillion (2011)
Equity: 816.66 billion (2011)
Num Employees: 329,338 (2011)

Homepage: [http://www.ccb.com ccb.com]

China Construction Bank Corporation (CCB; simplified Chinese: a,-a? 1/2 a>>?e(R) 3/4 e??e??; traditional Chinese: a,-a??a>>?e?-e??e??; pinyin: ZhA?ngguA? JiA nshA? YA-nhA?ng; often abbreviated as a>>?e??; SSE: 601939, SEHK: 0939, OTC Pink: CICHY) is one of the 'big four' banks in the People's Republic of China. In 2011 CCB was the second largest bank in the world by market capitalization and 13th largest company in the world. The bank has approximately 13,629 domestic branches. In addition, it maintains overseas branches in Frankfurt, Hong Kong, Johannesburg, New York, Seoul, Singapore, Tokyo, and Sydney, and a wholly owned subsidiary in London. Its total assets reached 8.7 trillion RMB in 2009.
CCB was founded on 1 October 1954 under the name of "People's Construction Bank of China" (Chinese: a,-a? 1/2 a??ae??a>>?e(R) 3/4 e??e??; pinyin: ZhA?ngguA? RA(C)nmA-n JiA nshA? YA-nhA?ng), and later changed to "China Construction Bank" on 26 March 1996.
In January 2002, CCB Chairman Wang Xuebing resigned from the bank after being charged with accepting bribes while he was employed with Bank of China; he was sentenced to 12 years in prison. In March 2005, his successor, Zhang Enzhao, resigned for "personal reasons." Just prior to his resignation, he had been charged in a lawsuit with accepting a US$1 million bribe. He was later sentenced to 15 years in jail in connection with the case.
China Construction Bank Corporation was formed as a joint-stock commercial bank in September 2004 as a result of a separation procedure undertaken by its predecessor, China Construction Bank, under the PRC Company Law. Following the China Banking Regulatory Committee's approval on 14 September 2004, the next day the bank (Jianyin) became a separate legal entity, owned by the Chinese government holding company, Central Huijin Investment Company or simply Huijin.
In 2005, Bank of America acquired a 9% stake in China Construction Bank for US$3 billion. It represented the company's lar

China Construction Bank Latest News

China Banks Under Pressure Over Gov’t Lending Crackdown

The country’s top five lenders, including Industrial and Commercial Bank of China, China Construction Bank and Agricultural Bank of China, will report their first-half results over the next two weeks. For China’s top lender ICBC, the margin is forecast ...
Posted: August 18, 2017, 1:54 pm

BRIEF-China Construction Bank says approved nomination of Tian Guoli as an Executive Director

Aug 17 (Reuters) - China Construction Bank Corp: * Approved nomination of Tian Guoli as an Executive Director of China Construction Bank Corporation Source text for Eikon: Further company coverage:
Posted: August 16, 2017, 5:00 pm

Alert Over China Strategy Switch

However, The Pointe is owned by China Construction America (CCA), a subsidiary of China ... pressures given that the Baha Mar asset will be held by China Export Import Bank until mid-2018. Yesterday, Mr Bowe advocated for the shift in the Bahamas ...
Posted: August 21, 2017, 11:07 am

HKMA's Chief Executive visits bank branches to understand progress of implementation of financial inclusion initiatives (with photos)

I commend Bank of East Asia, China Construction Bank (Asia) and Standard Chartered Bank (Hong Kong), as well as other retail banks that enhanced services in remote areas earlier, for responding positively to the HKMA's call for increasing the coverage of ...
Posted: August 17, 2017, 4:37 am

China Economic Data Disappoints

From an individual holding perspective, Tencent Holdings Ltd., Alibaba Group Holding ADR (NYSE:BABA), and China Construction Bank Corp. are the top three allocations of the fund, with 16.73%, 12.09%, and 4.88% exposure, respectively (as of August 10 ...
Posted: August 17, 2017, 10:58 am
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