Since its establishment, China Construction Bank has gone through three stages:
The first stage is the period of handling state financial allocation. In October, 1954, the Construction Bank was established by the decision of the State Council of the Central People's Government. Its task was to handle the allocation of national capital construction investment, manage and supervise the use of capital construction funds in the national budget and self-raised capital construction funds of departments and units. For decades, China Construction Bank has made outstanding contributions to improving investment efficiency and accelerating national economic construction and development.
the second stage is the period of national specialized banks. Since the mid-198s, in order to meet the requirements of economic and financial system reform and economic development, China Construction Bank has successively launched cash cashier, residents' savings, fixed assets loans, working capital loans for industrial and commercial enterprises, international finance, housing loans and various agency services. By opening all kinds of commercial banking services for the public, the functions of banks have been enriched and a solid foundation has been laid for the transition to modern commercial banks.
the third stage is the period of state-owned commercial banks. In 1994, in accordance with the requirements of the reform of the national investment and financing system, China Construction Bank handed over its financial functions and policy-based capital construction loans to the Ministry of Finance and the China Development Bank respectively, which took an important step in transforming its functions into a modern commercial bank.
after nearly 5 years of reform and development, China Construction Bank has the strength to participate in domestic and international market competition. By the end of June 24, the total assets were 3,722.8 billion yuan and the total liabilities were 3,522.3 billion yuan. The capital adequacy ratio reached 8.17%. According to the statistics at home and abroad, the balance of non-performing loans of the whole bank was 65.71 billion yuan, and the non-performing loan ratio was 3.8%
, which reached the standard of 3-5% required by the CBRC. There are 15,41 domestic and overseas business branches, including 6 overseas branches and 2 overseas representative offices. The Bank has 263, full-time employees. At the same time, it wholly owns Jianxin Bank, holds 43.35% equity of China International Capital Corporation and 75.1% equity of Sino-German Housing Savings Bank.
On September 15th, 24, Central Huijin Investment Co., Ltd., China Jianyin Investment Co., Ltd., State Grid Corporation, Shanghai Baosteel Group Corporation and China Changjiang Electric Power Co., Ltd. held a meeting in Beijing, and decided to jointly establish China Construction Bank Co., Ltd.. China Construction Bank will be transformed from a wholly state-owned commercial bank into a state-controlled joint-stock commercial bank.
after China Construction Bank was restructured into a state-controlled joint-stock commercial bank, its name was China Construction Bank Co., Ltd., or China Construction Bank for short. China Construction Bank Co., Ltd. inherited the commercial banking business and related assets, liabilities and rights and interests of the former China Construction Bank.