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China Construction Bank

China Construction Bank

China Construction Bank is a bank in the people's republic of china founded in 1954.

China Construction Bank Corporation (CCB) is one of the "big four" banks in the People's Republic of China. In 2015 CCB was the 2nd largest bank in the world by market capitalization and 6th largest company in the world. The bank has approximately 13,629 domestic branches. In addition, it maintains overseas branches in Barcelona, Frankfurt, Luxembourg, Hong Kong, Johannesburg, New York City, Seoul, Singapore, Tokyo, Melbourne, Kuala Lumpur, Santiago de Chile, Sydney and Auckland, and a wholly owned subsidiary in London. Its total assets reached CN¥ 8.7 trillion in 2009, and it is considered a systemically important bank by the Financial Stability Board. Its headquarters is in Xicheng District, Beijing.

Timeline

2021
China Construction Bank ranks the 3rd largest bank around the world in Forbes' 2021 Global 2000 list.
2015
China Construction Bank ranks the 2nd in Forbes’ 13th annual Global 2000 ranking of the biggest, most powerful and most valuable companies in the world.
2013
During the Korean crisis, the China Construction Bank halted business with a North Korean bank accused by the United States of financing Pyongyang's missile and nuclear programs.
March 2005
His successor, Zhang Enzhao, resigned for "personal reasons". Just prior to his resignation, he had been charged in a lawsuit with accepting a US$1 million bribe. He was later sentenced to 15 years in jail in connection with the case.
January 2002
CCB Chairman Wang Xuebing resigned from the bank after being charged with accepting bribes while he was employed with Bank of China; he was sentenced to 12 years in prison
March 26, 1996
Changed to China Construction Bank
October 1, 1954
CCB was founded under the name of People's Construction Bank of China (Chinese: 中国人民建设银行; pinyin: Zhōngguó Rénmín Jiànshè Yínháng)

Patents

Further Resources

Title
Author
Link
Type
Date

China Construction Bank

Web

September 30, 2015

China Construction Bank

Web

September 30, 2015

News

Title
Author
Date
Publisher
Description
By Tom Espiner
March 11, 2021
BBC News
The bank will ask investors to back the plan following pressure from a shareholder campaign group.
Brand Post
June 18, 2020
CIO
Huawei held its Global FSI Summit 2020 (online overseas part) with the theme of "Thrive Digitally in a Mobile Future."

References

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