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Encyclopedia > China Construction Bank
China Construction Bank
Image:China1.gif
Slogan CCB Build in modern life
Type Joint stock company
Founded 1954
Headquarters Beijing
Key people Guo Shuqing, Chairman
Chang Zhenming, CEO
Industry Finance and Insurance
Products Financial Services
Employees 260,000
Website ccb.cn

The China Construction Bank (CCB) SEHK: 0939 (Simplified Chinese: 中国建设银行, Traditional Chinese: 中國建設銀行; pinyin: Zhōngguó Jiànshè Yínháng) is one of the 'big four' banks in the People's Republic of China. Image File history File links China1. ... Look up Slogan in Wiktionary, the free dictionary. ... 1954 (MCMLIV) was a common year starting on Friday of the Gregorian calendar. ... Beijing [English Pronunciation] (Chinese: 北京 [Chinese Pronunciation]; Pinyin: BÄ›ijÄ«ng; IPA: ), a city in northern China, is the capital of the Peoples Republic of China (PRC). ... A chairman is the presiding officer of a meeting, organization, committee, or other deliberative body. ... Chief Executive Officer (CEO) is the job of having the ultimate executive responsibility or authority within an organization or corporation. ... Finance and Insurance is an industry group that mainly handles the transfer of paper and money, financial assets. These include: Accounting, Asset Management, Electronic Communications Networks, Financial Services Regulatory Agencies, Investment Banking Investment Firms, Investment Funds, Lending, Outsourced Financial Products & Services Marketing, Securities Brokers & Traders, Stock Exchanges, Trade Facilitation, and... This article is in need of improvement. ... Employment is a contract between two parties, one being the employer and the other being the employee. ... This page as shown in the AOL 9. ... The Hong Kong Stock Exchange (Chinese: 香港交易所, also 港交所; abbreviated as SEHK and HKSE; HKEx: 0388) is the stock exchange of Hong Kong. ... Simplified Chinese characters (Simplified Chinese: 简体字; Traditional Chinese: 簡體字; pinyin: jiÇŽntǐzì; also Simplified Chinese: 简化字; Traditional Chinese: 簡化字; pinyin: jiÇŽnhuàzì) are one of two standard character sets of printed contemporary Chinese written language. ... Traditional Chinese characters are one of two standard character sets. ... Pinyin is a system of romanization (phonemic notation and transcription to Roman script) for Standard Mandarin, where pin means spell and yin means sound. The most common variant of pinyin in use is called Hanyu Pinyin (Simplified Chinese: , Traditional Chinese: ; pinyin: HànyÇ” PÄ«nyÄ«n), also known as scheme... // Big Four may refer to: Accounting Firms The Big Four auditors, the four largest international public accountancy firms, Deloitte, KPMG, Ernst & Young (E&Y) and PricewaterhouseCoopers (PwC). ... Iain Banks is a Scottish-born writer of both mainstream and science fiction novels. ...


CCB was founded on October 1, 1954 under the name of "People's Construction Bank of China" (中国人民建设银行; Zhōngguó Rénmín Jiànshè Yínháng), and later changed to "China Construction Bank" on March 26, 1996. October 1 is the 274th day of the year (275th in leap years) in the Gregorian Calendar. ... 1954 (MCMLIV) was a common year starting on Friday of the Gregorian calendar. ... March 26 is the 85th day of the year in the Gregorian Calendar (86th in leap years). ... 1996 (MCMXCVI) was a leap year starting on Monday of the Gregorian calendar, and was designated the International Year for the Eradication of Poverty. ...


The chairman, Zhang Enzhao, resigned on March 16, 2005, citing "personal reasons". However, a lawsuit in the United States alleges that he received a bribe of one million dollars from Alltel Information Services, for securing a contract. March 16 is the 75th day of the year in the Gregorian Calendar (76th in Leap years). ... 2005 (MMV) was a common year starting on Saturday of the Gregorian calendar. ...


China Construction Bank Corporation was formed as a joint-stock commercial bank in September 2004 as a result of a separation procedure undertaken by their predecessor, China Construction Bank, under the PRC Company Law. Following the China Banking Regulatory Committee's approval on September 14, 2004, Jianyin and Huijin entered into a separation agreement, dated September 15, 2004, pursuant to which China Construction Bank was separated into their bank and Jianyin.

Contents

Investment by Bank of America

In 2005, Bank of America acquired a 9% stake in China Construction Bank for $3 billion. It represented the company's largest foray into China's growing banking sector. Bank of America currently has offices in Hong Kong, Shanghai, and Guangzhou and is looking to greatly expand its Chinese business as a result of this deal. Typical Bank of America consumer banking center Bank of America NYSE: BAC TYO: 8648 , headquartered in Charlotte, North Carolina (see Bank of America Corporate Center), is the largest commercial bank in the United States measured in deposits (although Citigroup has higher assets worldwide), and the third-largest company in the... Shanghai (Chinese: ; pinyin: ; Shanghainese: ), stuated on the banks of the Yangtze River Delta in East China, is the largest city of the Peoples Republic of China. ... (Simplified Chinese: 广州; Traditional Chinese: 廣州; pinyin: Guǎngzhōu; Wade-Giles: Kuang-chou; Postal System Pinyin: Canton) is the capital of Guangdong Province in southern China. ...


International Expansion

In 2006, CCB acquired Bank of America (Asia), which started in 1912 in Hong Kong as Bank of Canton, and which has a subsidiary in Macao. 2006 (MMVI) is a common year starting on Sunday of the Gregorian calendar. ... The Bank of America (Asia) is a licensed bank incorporated in Hong Kong. ... 1912 (MCMXII) was a leap year starting on Monday in the Gregorian calendar (or a leap year starting on Tuesday in the 13-day-slower Julian calendar). ... 1912 Several Chinese residents of the US, including members of the Fok family, founded the Bank of Canton (BoC) as the first Chinese-owned bank in Hong Kong. ...


Stock Exchange Listing

In late 2005, China Construction Bank made an initial public offering on the Hong Kong Stock Exchange (SEHK:0939). Since its listing, the share price has risen about 50% (since Feb 2006).


See also

Chinese owned companies can be defined as enterprises within mainland China, Hong Kong, Macau and the Republic of China (Taiwan): List of companies in the Peoples Republic of China List of companies in Hong Kong List of companies in Macau See also: Newspapers of China Shanghai Stock Exchange Shenzhen...

External links

  • ccb.cn
  • ccbasia.com.hk
  • ccbhk.com
  • ccb.com.sg
  • ccbff.de
  • ccbjhd.com
  • ccbseoul.com

  Results from FactBites:
 
China Construction Bank (102 words)
China Construction Bank (CCB) is one of the 'big four' banks in the People's Republic of China.
China Construction Bank is a state owned bank operating in a commercial capacity and is considered as one of the leading banks in the domestic banking sector.
China Construction Bank plays leadership roles in the areas of corporate banking, personal banking and treasury operations.
  More results at FactBites »

 
 

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