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China Construction Bank

(中国建设银行)

An ICBC branch in Chengdu. Photo: Bloomberg

China weighs injecting US$142 billion of capital into top banks

Funding for the first such intervention since the 2008 financial crisis would mainly come from new special sovereign bonds, sources say.

Will new policy encourage Chinese banks to invest in struggling start-ups?

State-owned banks face thinner margins amid Beijing’s call to support economy

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Chinese banks buoyant amid stock market tumult

Led by ICBC, CCB, ABC and BOC, 42 mainland-listed banks have gained 19 per cent on average this year, trouncing a 4.2 per cent decline in the benchmark CSI 300 Index.

People walk past a branch of Industrial and Commercial Bank of China in Beijing in a 2019 file photo. Photo: Reuters

Saudi Arabia wealth fund signs US$50 billion deals with 6 Chinese institutions

Agreements with top financial institutions including BOC, CCB and ICBC aim to promote two-way capital flows through both debt and equity, Public Investment Fund says.

Dexin joins list of Chinese developers ordered to liquidate in Hong Kong

Dexin China Holdings joins the growing list of troubled Chinese property developers facing liquidation as impatient creditors take them to court in an attempt to claw back their money.

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Singapore’s sovereign wealth fund trims stake in China’s biggest lender ICBC

Temasek Holdings, Singapore’s sovereign wealth fund, cut its stake in the Industrial and Commercial Bank of China (ICBC) twice in one day last week, reducing its share of the lender to less than 5 per cent.

The state investor reported a 5.2 per cent drop in its net portfolio value to US$283.4 billion in the financial year ended March 2023. Photo: Shutterstock

Inter Milan was a plaything for billionaire Zhang and son, but the money ran out

The Zhangs’ company lost control of the Italian champions after defaulting on a loan – an example of how European clubs have crumbled under massive debt.

Executive at mainland bank in Hong Kong sued for alleged sexual harassment

District Court writ claims female employee, hired from overseas, was assigned to lesser role after she spurned managing director Alan Lai’s advances.

China’s banks to sell US$60 billion of loss-absorbing bonds to meet PBOC’s norms

ICBC and BOC line up issuance plans for 60 billion yuan worth of total loss-absorbing capacity (TLAC) bonds as Chinese G-SIBs (global systemically important banks) are expected to sell 440 billion yuan of these newly introduced bonds.

Bank of China (BOC) Tower seen from West Kowloon on a smoggy day. Photo: Xiaomei Chen

Fitch cuts outlook for China’s state-owned banks from stable to negative

The move by Fitch Ratings comes a week after it cut its projection for the country’s sovereign credit rating, reflecting pessimism in the world’s second largest economy and concerns over Beijing’s capacity to support its biggest lenders.

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Fitch said the current size of China’s banking system limits the amount of support the central government could give to its biggest lenders. Photo: Reuters

China Construction Bank expects more policy support from Beijing

China’s financial regulators could continue to lower financing costs as a means to shore up confidence, according to CCB chief financial officer Sheng Liurong.

With new regulations and mandates, is the party over for China’s finance sector?

China’s finance sector was once freewheeling, but new regulations and mandates from officials suggest banks’ new role looks beyond simple profit-seeking.

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‘Positive signs of recovery’: China’s largest state-owned banks post earnings growth

Results came despite government calls to slash rates and inject liquidity into the country’s slumping property sector.

In 2024, the Agricultural Bank of China expects its asset quality to remain steady, owing in part to policy measures that have boosted growth and employment, an executive says. Photo: Reuters

BOC, China Everbright among banks injecting billions into ‘whitelist’ properties

Leading Chinese banks have injected billions of yuan into housing projects with the aim of financing the completion of pre-sold but yet-to-be-completed homes across the country.

A construction site in Beijing. As of the end of January, the local governments of 170 cities had put forward 3,218 real estate projects for consideration under the whitelist mechanism, according to official figures. Photo: Reuters

China’s Year of the Dragon banknotes, coins set to profit resellers on Taobao

Some of the 3.2 billion yuan (US$450 million) worth of commemorative coins and banknotes issued by China’s central bank may deliver handsome profits for resellers on popular local e-commerce platforms.

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Bank of China plans US$21 billion bond sales to meet capital requirements

The bank will be the nation’s first big state bank to sell loss-absorbing bonds to plug a major funding shortfall before a 2025 deadline to meet global capital requirements

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China’s top 100 storied brands fall in value as weak economy dents demand

The Hurun Report found that the intangible assets of the mainland’s 100 biggest indigenous brands with at least 60 years of history were valued at a combined 9.43 trillion yuan (US$1.32 trillion) in 2023, compared to 9.87 trillion yuan the previous year.

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The top brands on the list include liquor distillers Kwei­chow Moutai (pictured) and Wuliangye Yibin. Photo: Simon Song

China’s biggest banks lower deposit rates for third time to boost profitability

China’s largest state-owned banks are lowering their deposit rates for the third time in 2023, in their latest effort to ease the pressure on their net interest margins and to improve profitability.

How China’s property woes test Beijing’s bottom line of no systemic risks

A Post review of midyear financial reports by 18 ‘systemically important’ banks in China finds that more than two-thirds have higher outstanding non-performing property loans.

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China’s mortgage-rate cut to put profit squeeze on state banks

Banks will cut rates on 16 trillion yuan (US$2.2 trillion) of existing first-home loans, helping households save up to 109 billion yuan in interest, ANZ says. The cut will have a tangible impact on profit margins.

A construction site of residential buildings by Chinese developer Country Garden is pictured in Tianjin, China on August 18, 2023. Photo: Reuters

Bank of Communications, China Merchants Bank report more loan stress

‘The situation of controlling the risks from the property sector remains serious,’ a Bank of Communications spokesperson says.

A Bank of Communications location in Beijing, pictured on May 22, 2023. Photo: Simon Song

China eases home-buying rules to prop up slumping property market, economy

Chinese authorities are easing mortgage rules and extending tax refunds for homebuyers in a bid to prop up the faltering property market and boost the economy.

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Rise in bad loans to China’s property sector dampen top banks’ earnings

China’s worsening property crisis saw bad loans rise at Bank of East Asia and China Construction Bank, which tarnished otherwise decent first-half earnings.

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Top Chinese banks offer 25-year loans to LGFVs to avert credit crunch

Top banks like ICBC and China Construction Bank are offering LGFVs loans with ultra-long maturities and temporary interest relief to prevent a credit crunch amid growing tension in the US$9 trillion debt market.

A dragon boat parade on the Jinjiang River in Tongren city, Guizhou province. The poor southwestern Chinese province reached an agreement with banks late last year to extend loans of about US$2.3 billion by 20 years. Photo: Xinhua

Chinese banks surge at pace not seen since 2015 on valuation, SOE bets

Investors have been snapping up Chinese banking stocks at a pace not seen since the 2015 market bubble in the hopes that lenders’ profit growth will accelerate and government-led drives to boost valuations and improve efficiency at SOEs will underpin sentiment.

A branch of Industrial and Commercial Bank of China in Beijing. Policy tailwind has also created confidence in banking stocks, with the industry’s major players all being state-backed. Photo: Reuters

China’s top banks plan US$5.8 billion of bond sales to plug capital shortfall

China’s megabanks are planning at least 40 billion yuan (US$5.8 billion) of bond sales, kicking off a major funding push to comply with global capital requirements by early 2025.

Chinese banks gain in market value, shrugging off broader crisis: S&P survey

Chinese lenders largely shrugged off the recent banking crisis in developed markets, gaining in value to take the top five spots in a league table of Asia-Pacific banks ranked by market capitalisation.

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China Construction Bank
中国建设银行
Founded in 1954 as the People’s Construction Bank of China, China Construction Bank is one of the 'big four' banks in the People's Republic of China. The other three are Industrial and Commercial Bank of China, Bank of China and Agricultural Bank of China.
Chairman / President
Zhang Jianguo
CEO / Managing Director
Zhang Jianguo
Industry
Banking, Financial Services, Fund & Asset Management
Website
ccb.com
Headquarters Address
Beijing, China
Stock Code
SSE: 601939
SEHK: 939
IDX: MCOR
Year Founded
1954
last updated:
28 August, 2024
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