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China Construction Bank Corporation (0939-HK) |
Sydney Morning Herald
Apr 29
Comment
China Construction Bank has released a statement about Dame Jenny Shipley's role at Mainzeal and the amount involved in its liquidation.
Bloomberg
Mar 25
Comment
China Construction Bank Corp., the
world’s second-largest lender by market value, posted better-
than-estimated growth in fourth-quarter profit as higher lending
income outweighed an increase in bad loan charges.
BBC News
Jan 17
Comment
Manchester United signs new sponsorship deals with two Chinese companies - soft drinks maker Wahaha and China Construction Bank.
The Straits Times
Dec 27
Comment
December 27, 2012 12:26 PM
SHANGHAI (REUTERS) - China Construction Bank Corp (CCB) said on Thursday that it is investigating allegations by investors that a clerk at the country's second-biggest lender misled them into buying a wealth management...
Benzinga
Oct 29
Comment
China Construction Bank (OTC: CICHY) reported a 12% rise in its third-quarter net profit.
China Construction Bank's quarterly net profit surged to 51.91 billion yuan ($8.29 billion), versus 46.19 billion yuan, in the year-ago period. However,...
MarketWatch
Oct 19
Comment
Hong Kong-listed shares edged higher in early trading on Friday, with the Hang Seng Index up 0.2% at 21,555.13. Banks were among the stronger performers, extending gains made so far this month, with China Construction Bank Corp. up 1.2% and Bank...
Banking Business Review
Sep 19
Comment
China Construction Bank, the second-ranked Chinese bank by assets, is seriously mulling to acquire an undisclosed European financial firm, in a bid to boost its international presence.
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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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