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MarketWatch
Oct 26
Comment
Shares of China Construction Bank rise despite lackluster trade in Shanghai after it posts a 19% rise in quarterly profit, thanks to improved lending.
Wall Street Journal
Oct 24
Comment
China Construction Bank Corp. reported a 19% rise in third-quarter net profit from a year earlier, boosted by increased lending.
New York Times
Aug 25
Comment
China Construction Bank said excess cash in the banking system has led to asset bubbles, underscoring concern that the nation's lenders will rein in credit after the Shanghai Composite Index's 64 percent rally.
Bloomberg
Aug 25
Comment
Chinese stocks, the world’s worst
performers this month, extended declines after Premier Wen
Jiabao said the economy faces “many uncertainties” and China
Construction Bank Corp. warned of asset bubbles.
Wall Street Journal
Aug 25
Comment
China Construction Bank indicated it is sharply curtailing lending, saying it expects to make $131.74 billion of new loans in all of this year.
MarketWatch
Aug 24
Comment
China Construction Bank Corp. said Monday it expects to issue CNY900 billion (US$131.94 billion) in new loans this year, indicating a sharp slowdown in lending growth in the second half.
Bloomberg
Aug 24
Comment
(Update1) China Construction Bank Corp. said
excessive banking liquidity has caused bubbles, underscoring
concern that lenders will rein in credit after the Shanghai
Composite Index rose 64 percent this year.
Bloomberg
Aug 22
Comment
(Update1) China Construction Bank Corp. joined
rivals including Industrial & Commercial Bank of China Ltd. this
week in posting profits that beat analyst estimates, on rising
fee income and lower bad-loan provisions.
New York Times
Aug 22
Comment
The China Construction Bank Corporation said first-half profit fell 4.9 percent on contracting loan margins.
Bloomberg
Aug 21
Comment
(Update1) China Construction Bank Corp., the
nation’s second-biggest lender by market value, said first-half
profit fell 4.9 percent on contracting loan margins.
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China Construction Bank Corporation is the second largest Commercial bank in China, with a market value of $176 Billion, providing consumer, commercial retail banking services to mainland China, Hong Kong, Singapore, Frankfurt (Germany), Johannesburg (South Africa), Tokyo (Japan), Seoul (Korea) and New York.
China Construction Bank Corp maintains 13,374 in the Peoples Republic of China, which asset management, trustee, and finance leasing in addition to their principal commercial and retail lending business.
With $186 billion of cash, CCB hasn’t made any acquisitions abroad since August 2006. That’s when the Chinese lender bought Bank of America Corp.’s Hong Kong and Macau unit for $1.25 billion, gaining 17 branches. Revenue from outside mainland China accounted for 1.7 percent of Construction Bank’s total in 2008. In the past year, CCB's larger rival ICBC has spent more than $6 billion on acquisitions in Indonesia, Macau and South Africa in the past two years. Construction Bank is also seeking to buy “close to” 50 percent of China Cinda Asset Management Corp., one of the four firms set up by the government in 1999 to clean up banks’ balance sheets after they racked up bad debts.[1]
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