China Construction Bank, Unit A of the Deputy Ministry of the State, is a large state-owned bank managed by the central government. It was established on October 1, 1954. Its head office is located at No. 25 Financial Street, Beijing.
China Construction Bank's main business areas include corporate banking, personal banking and treasury services. It has branches and subsidiaries in more than 20 countries and regions, and has subsidiaries in funds, leasing, trusts, life, property insurance and other industries.
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On August 27, 2021, China Construction Bank announced its 2021 semi-annual performance report.
The report shows that during the reporting period, China Construction Bank achieved operating income of 416.332 billion yuan, an increase of 7.00% over the same period last year; and net profit of 154.106 billion yuan, an increase of 10.92% over the same period last year.
China Construction Bank Co., Ltd. is a leading large-scale commercial bank in China, headquartered in Beijing. Its predecessor, China Construction Bank, was established in October 1954.
The bank was listed on the Hong Kong Stock Exchange in October 2005 (stock code 939) and on the Shanghai Stock Exchange in September 2007 (stock code 601939).
The bank's market value at the end of 2019 was approximately US$217.686 billion, ranking fifth among listed banks in the world.
The group ranks second among global banks in terms of Tier 1 capital.
As of 2020, the bank provides customers with comprehensive financial services such as personal banking, corporate banking, investment and financial management. It has 14,912 branches and 347,156 employees, serving hundreds of millions of individual and corporate customers.
It has subsidiaries in many industries such as funds, leasing, trusts, insurance, futures, pensions, and investment banks. Its overseas institutions cover 30 countries and regions, and it has more than 200 overseas institutions at all levels.
In October 1954, the People's Construction Bank of China was established to manage and distribute government funds allocated to construction projects and infrastructure-related projects in accordance with the national economic plan.
In 1979, the People's Construction Bank of China became a financial banking institution directly under the State Council and assumed more functions of a commercial bank.
In 1994, with the establishment of the China Development Bank, it took over the policy loan functions of the People's Construction Bank of China, and the People's Construction Bank of China gradually became a comprehensive commercial bank.
In 1996, the People's Construction Bank of China was renamed China Construction Bank and became a comprehensive commercial bank.