China Construction Bank Corporation (0939-HK)

Benzinga  Mar 31  Comment 
China Construction Bank (OTC: CICHY) reported an 11% gain in its 2013 net profit. The bank's net profit for the year surged to 214.66 billion yuan ($35.2 billion), versus a year-ago profit of CNY193.18 billion. However, analysts were expecting...
Business Times - Malaysia  Jan 29  Comment 
SHARES climbed 0.82 per cent yesterday, in line with a regional rebound after a Wall Street bounce and an easing of fears about emerging economies. The Hang Seng Index added 180.97 points to end at 22,141.61 on turnover of HK$68.37 billion....
Business Times - Malaysia  Jan 14  Comment 
STOCKS fell 0.43 per cent yesterday following a negative lead from Wall Street in response to a worse-than-expected batch of US jobs data. The benchmark Hang Seng Index shed 97.48 points to end at 22,791.28 yesterday. Industrial and...
Business Times - Malaysia  Jan 9  Comment 
STOCKS finished 0.91 per cent lower yesterday, tracking losses in other major Asian markets and after a fall on Wall Street following the release of Federal Reserve meeting minutes. The benchmark Hang Seng Index fell 209.26 points to...
Business Times - Malaysia  Dec 16  Comment 
SHARES lost 0.56 per cent yesterday as traders waited to find out the United States Federal Reserve's plans for its stimulus programme as it holds a policy meeting this week. The benchmark Hang Seng Index was down 131.30 points at...
Euromoney  Dec 3  Comment 
With extended opportunities for UK investors in China through programmes such as the RQFII scheme, China Construction Bank opened its doors this week to London-based investors, signalling the strength of the Sino-UK relationship.
Reuters  Nov 3  Comment 
China Construction Bank (CCB) , China's No. 2 lender, is looking for acquisition opportunities in Europe but first needs to see regulators open their doors, its chairman told the...

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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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