CCB's entity innovation studio is located in Chang 'an Xingrong Center. China Construction Bank, formerly known as People's Construction Bank of China, was established on October 1, 1954 (later officially renamed as China Construction Bank on March 26, 1996). The head office is located at No.25, Financial Street, Beijing. It is a large state-owned commercial bank managed by the central government and a national vice-ministerial unit. The main business areas of China Construction Bank include corporate banking, personal banking and treasury business, with branches and subsidiaries in 29 countries and regions, and subsidiaries in many industries such as funds, leasing, trust, life insurance, property insurance, investment banking, futures and pension.