1. China Construction Bank was established on October 1, 1954. The basic background of the establishment of China Construction Bank is that the People's Republic of China began to implement the first five-year plan to develop the national economy, and large-scale economic construction centered on the construction of 156 key projects was launched one after another throughout the country. In order to manage the huge construction funds, China Construction Bank came into being.
2. During the twenty years from 1954 to 1978, China Construction Bank mainly undertook the responsibilities of centralized allocation of national capital construction budget and self-raised funds of enterprises, supervising the rational use of funds, granting short-term loans to construction enterprises and handling basic business settlement.
3. Since the late 197s and early 198s, China Construction Bank has continuously expanded its banking functions while inheriting its original functions. It has successively launched credit fund loans, residents' savings deposits, foreign exchange business, credit card business, policy-based housing reform finance and personal housing mortgage loans. After more than ten years of reform and development, CCB's various businesses have developed rapidly, and its credit assets and liabilities have increased by dozens of times. From a bank that only manages financial funds and supervises infrastructure appropriations, it has developed into a national professional bank that deals with both financial investment and credit business, not only fixed assets investment credit, but also supporting liquidity loans, both domestic and international financial business, with medium and long-term credit as the main business.
4. Since the mid-198s, in order to meet the requirements of China's 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.