China Construction Bank (China Construction Bank), the full name of China Construction Bank Co., Ltd. *** was established on October 1, 1954, when it was formally established as an internal institution of the **People's **Ministry of Finance system, known externally as Chinese Construction Bank, responsible for the management and distribution of ** funds allocated to construction projects and infrastructure-related projects according to the national economic plan. Since 1979, CCB has gradually separated from the subordinate status of the financial department (financial cashier) and has become a financial institution directly under the Ministry of Finance, serving the national economic construction in the new era as a national professional bank. In 1994, CCB transferred its financial functions to the Ministry of Finance, moving towards the development path of a modern commercial bank. On March 26, 1996, the Chinese Construction Bank was renamed China Construction Bank.
At present, China Construction Bank is a large-scale state-owned commercial bank (central enterprise) managed by the first company, with its head office located at No. 25 Financial Street, Beijing, which is a national vice-ministerial-level unit and is supervised by the China Banking Regulatory Commission, the Central Bank and the China Securities Regulatory Commission. The Ministry of Finance, on behalf of the Ministry of Finance, performs the duties of a state-owned financial capital investor, is included in the management of the operating budget of state-owned enterprises, and is responsible for organizing and implementing annual performance evaluation.
At the end of the third quarter of 2023, **Huijin Investment Co., Ltd. held 57% of the shares of China Construction Bank11%。
China Construction Construction's main business areas include corporate banking, personal banking and treasury business, with branches and subsidiaries in 29 countries and regions, and subsidiaries in many industries such as leasing, trust, life, property insurance, investment banking, and pension. In addition, the bank also actively implements the three major strategies of inclusive finance, housing leasing and financial technology to meet the people's yearning for a better life and provide a "package" of solutions for the people to live and work in peace and contentment and build a better life.
On July 5, 2023, the British magazine "The Banker" released the 2023 list of the top 1000 global banks, and China Construction Bank ranked 4072$2.9 billion in Tier 1 capital ranks second on the list.
In July 2023, the 2023 Fortune China 500 list was announced, and China Construction Bank ranked 7th.
In August 2023, China Construction Bank won 202,7534 (million US dollars) revenue, selected into the 2023 Fortune Global 500 list, ranked 29th.
To sum up, China Construction Bank is a large state-owned commercial bank with a wide range of business scope and subsidiaries at home and abroad.
China Construction Bank