China Construction Bank was established in 1954, 10, 1 (it was then named People's Construction Bank of China, and was renamed China Construction Bank on March 26th, 1996).
Since its establishment, China Construction Bank has experienced three stages:
The first stage is the period of dealing with the state financial allocation. 1954 10 after the establishment of China Construction Bank by the decision of the State Council, the central people's government, its task is to handle the allocation of national capital construction investment, manage and supervise the use of capital construction funds within the national budget and the 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-1980s, in order to meet the requirements of economic and financial system reform and economic development, China Construction Bank has successively launched cash cashier, household savings, fixed assets loans, working capital loans for industrial and commercial enterprises, international finance, housing loans and various agency services. By opening various commercial banking services to 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. From 65438 to 0994, according to the requirements of the national investment and financing system reform, China Construction Bank handed over its financial functions and policy capital construction loan business to the Ministry of Finance and the China Development Bank respectively, taking an important step from its functions to a modern commercial bank.
Main business:
Main business: RMB deposit and loan settlement business, RMB savings business, and concurrently: agency business approved by the People's Bank of China (projects involving licensed operations are operated with licenses). Mode of operation: financial business.
Chinese and foreign banks in the industry
After China Construction Bank was restructured into a state-controlled joint-stock commercial bank, its name was China Construction Bank Co., Ltd., referred to as China Construction Bank. China Construction Bank Co., Ltd. inherited the commercial banking business and related assets, liabilities and rights and interests of the former China Construction Bank.