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Topic: China Construction Bank

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	China Construction Bank
		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.
	www.mapsofworld.com /business/industries/banks/china-construction-bank.html (102 words)

	China Construction Bank reports big profits gain - Banking Business Review (Site not responding. Last check: 2007-11-04)
		State owned China Construction Bank has reported a 34% increase in profits for fiscal 2004 as it finalizes plans to float later this year.
		Construction, which is one of the largest banks in China, achieved pre-tax profits of Y50.5 billion, or $6 billion.
		The government has limited banks' freedom to expose themselves to certain industries and injected funds in order to ensure that domestic organizations can compete with the multi-nationals that will be able to enter the Chinese market without restrictions next year.
	www.banking-business-review.com /article_news.asp?guid=DDC3C535-A893-43F8-94B8-5553A693FF36 (369 words)

	China Construction Bank Launches Security Probe
		China Construction Bank (CCB), which plans to list shares in Hong Kong before the end of this year, said yesterday it had uncovered 31 cases of employee misconduct at its branches since the beginning of the year.
		China has been taking a raft of measures including restructuring and trying to list shares of its major State-owned lenders to strengthen the banking system before foreign competitors can enter the market without restrictions before the end of next year.
		CCB received a US$22.5 billion capital injection from the State in late 2003, in trial reforms by the government to turn it into a share-holding firm.
	www.china.org.cn /english/2005/Jun/132679.htm (366 words)

	China Construction Bank prices IPO
		China Construction Bank said Thursday it has set a price range of 1.90 Hong Kong dollars to 2.40 Hong Kong dollars (24 cents to 31 cents) per share for its initial public offering in Hong Kong -- expected to be the world's biggest IPO this year.
		As of June, the bank had 4,224.1 billion Chinese yuan ($522 billion) in total assets, 2,374.4 billion yuan ($293 billion) in total loans, and 3,781.3 billion yuan ($467 billion) in total deposits.
		CCB is in a strategic partnership with the Bank of America Corp., which has agreed to buy 9 percent of CCB's stakes for $2.5 billion.
	www.chinadaily.com.cn /english/doc/2005-10/13/content_484720.htm (396 words)

	China Construction Bank Looks to Overseas Growth
		China Construction Bank, one of the country's big four State-owned commercial banks, will expand its overseas business in the coming years.
		The central People's Bank of China required that commercial banks drop their NPL ratios by 2 to 3 percentage points annually over the next few years.
		China Construction Bank said last month that its NPL ratio shrank by 3.99 percentage points from 2001 to 15.36 percent at the end of last year.
	www.china.org.cn /english/BAT/55807.htm (472 words)

	Bank of America in China deal - The Boston Globe (Site not responding. Last check: 2007-11-04)
		Bank of America Corp. said it plans to pay $3 billion for a stake in China Construction Bank, the largest acquisition by a foreign lender in the world's fastest-growing major economy.
		Bank of America, based in Charlotte, N.C., will invest $2.5 billion for a 9 percent stake in the Chinese lender and buy $500 million of shares this year in the Beijing-based bank's initial public offering, the bank said.
		Bank of America has an option to boost its stake in Construction Bank to 19.9 percent in the next 5 1/2 years by buying shares, the company said.
	www.boston.com /business/articles/2005/06/17/bank_of_america_in_china_deal (344 words)

	U.S. Bank Buys Stake in China - New York Times (Site not responding. Last check: 2007-11-04)
		For Bank of America, which has made acquisitions of several financial institutions in the United States, including last year's $47 billion takeover of the FleetBoston Financial Corporation, the deal with China Construction is another indication of its plan to expand aggressively overseas.
		Bank of America is expected to play a critical role in offering the technical support and management skills that China Construction Bank needs to give it more credibility, something that will be crucial in attracting investors to its offering.
		China Construction Bank says that 4 percent of its loans are nonperforming, down from 9 percent in 2003, making it the least burdened of China's state-owned banks.
	www.nytimes.com /2005/06/17/business/worldbusiness/17bank.html?ex=1276660800&en=a7b4eb6d29f5ea60&ei=5090&partner=rssuserland&emc=rss (894 words)

	China Construction Bank appoints new chief
		The CCB took the lead among China's Big Four state banks to go public in Hong Kong last October, when its shares met a strong trading debut, as investors were eager to buy into China's robust economy.
		China must overhaul its debt-laden domestic banks ahead of the full opening of its financial market to foreign competition by the end of this year, observers have said, and public listing is expected to help the banks improve management.
		CCB's core capital reached 287.7 billion yuan (36 billion U.S. dollars)by the end of 2005, with its capital adequacy ratio, a measure of its own capital in proportion to its outstanding lending, also rising to 13.57 percent.
	www.chinadaily.com.cn /china/2006-07/28/content_651675.htm (537 words)

	Bank of America :: China Construction Bank and Bank of America Announce Joint Donation to 2007 Special Olympics World ... (Site not responding. Last check: 2007-11-04)
		CCB adheres to the operating principle of "customer-centric", provides domestic clients with comprehensive commercial bank services and products, and has been taking a leading position in business areas like infrastructure lending, bank card and residential mortgage lending.
		CCB was incorporated as a constituent of Hang Seng China Enterprises Index and became the first H-share company to be included as a constituent stock of Hang Seng Index in September 2006.
		Bank of America is one of the world's largest financial institutions, serving individual consumers, small and middle market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk-management products and services.
	sev.prnewswire.com /banking-financial-services/20061017/CLTU06217102006-1.html (963 words)

	USATODAY.com - Only the bravest of bankers boldly go into China (Site not responding. Last check: 2007-11-04)
		HONG KONG — China Construction Bank, which made its debut on the Hong Kong stock market last fall, was not an investment for the fainthearted.
		Bank of America, which bought a 9% stake before the public offering, is sitting on a paper gain of $5 billion, investment firm Sanford C. Bernstein calculates.
		Although the investments in China's biggest state-run banks make the biggest headlines, a lot of foreign banks and investors are seeking stakes in somewhat smaller, sometimes regional, lenders, where they can limit the risks by having a bigger say in management.
	www.usatoday.com /money/markets/world/2006-01-19-china-banks-usat_x.htm (1580 words)

	Bloomberg.com: Asia
		Construction Bank said yesterday it agreed to buy Bank of America Corp.'s Hong Kong and Macau unit for HK$9.7 billion ($1.24 billion), the largest acquisition by a Chinese lender outside the mainland.
		Construction Bank's overseas operations had a pretax profit of 268 million yuan ($33.6 million) in the first half this year, representing less than 1 percent of its overall business.
		Construction Bank yesterday reported net income in the six months ended June 30 dropped 18 percent to 23.2 billion yuan, dragged down by a higher tax and foreign exchange loss.
	www.bloomberg.com /apps/news?pid=20601080&sid=aXLfsANWILiM&refer=asia (583 words)

	SignOnSanDiego.com > News > Business -- China Construction Bank to buy Bank of America's Hong Kong retail ...
		The Charlotte, N.C.-headquartered bank in fact has a 8.5 percent stake in the China Construction Bank, which it purchased in June last year, and the right to expand its ownership to 19.9 percent by mid-2010.
		Bank of America, the second largest financial institution in the United States by assets, took a strategic stake in CCB in June 2005, ahead of its $9.2 billion initial public offering in Hong Kong last October.
		CCB is china's biggest property lender and the third largest bank, behind No. 1 Industrial and Commercial Bank of China and No. 2 Bank of China.
	www.signonsandiego.com /news/business/20060824-1402-china-bankofamerica.html (796 words)

	Bloomberg Printer-Friendly Page
		Bank of America, based in Charlotte, North Carolina, will invest $2.5 billion now and buy $500 million of shares later this year in the Beijing-based bank's initial public offering, said the bankers, who declined to be identified.
		Construction Bank said this month that profit rose 34 percent last year to 50.2 billion yuan ($6.07 billion) as new lending increased 11.5 percent to 229.6 billion yuan.
		Construction Bank said in April that it was in talks to sell a stake to as many as 10 foreign banks, including Bank of America, Deutsche Bank AG and UBS AG.
	www.bloomberg.com /apps/news?pid=71000001&refer=&sid=aIDxBqhCi4lU (620 words)

	BankNet 360 - China Construction Bank Eyes Overseas Markets
		China Construction, the nation’s leading lender, also wants to increase its presence in Frankfurt, Germany, and South Africa, where it already has branches.
		The bank, like other Chinese financial organizations, is shifting its interest abroad to prepare for the full competition in December, when China will have to open its banking market to foreign banks.
		China Construction bank’s market value is $97.3 billion, making it the world's No.11 bank.
	www.banknet360.com /news/NewsAbstract.do?na_id=5061 (147 words)

	China Construction Bank makes insurance move - MarketWatch
		In Hong Kong trading Friday China Construction Bank (HK:939: news, chart, profile) (HK:906: news, chart, profile) rose 0.6% to HK$3.42 in the morning session.
		On Thursday China Construction Bank said in a statement posted on its website that it had submitted an application to banking and insurance regulators but stressed it has made little headway on the project otherwise.
		He added China Construction Bank is likely seeking to develop over-the-counter sales of life insurance products to compliment to its growing wealth management services.
	www.marketwatch.com /news/story/story.aspx?guid={8F91F8C3-CEF8-4860-B4AD-295D2BEF52AE} (714 words)

	China Construction Bank Prices IPO
		China Construction Bank (CCB), the mainland's fourth-largest bank in terms of assets, has priced its initial public offering in Hong Kong in what is expected to be the largest IPO in the world this year, possibly raising more than US$6 billion.
		As the first of China's big State-owned banks to list shares overseas, the offering is considered a litmus test for the future IPOs of Industrial and Commercial Bank of China and Bank of China, the mainland's first and second-largest banks.
		China Mobile is near a $5.3 billion pact to acquire Millicom of Luxembourg.
	en.chinabroadcast.cn /855/2005/10/10/192@23840.htm (478 words)

	China Construction Bank - Famous Chinese Companies - China Economy and China Trade
		Y?nh?ng) is one of the 'big four' banks in the People's Republic of China.
		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, pinyin: Zhōnggu?
		Y?nh?ng), and later changed to "China Construction Bank" on March 26, 1996.
	www.famouschinese.com /virtual/China_Construction_Bank (183 words)

	China Construction Bank Plans Overseas Acquisitions, Branches - Luo Jun :: China Digital Times (CDT) ...
		From Bloomberg: China Construction Bank Corp., the nation's fourth-largest lender, plans to make acquisitions and open branches in the U.S. and Australia as it seeks expansion outside of its home market.
		China Construction Bank Corp., the nation's fourth-largest lender, plans to make acquisitions and open branches in the U.S. and Australia as it seeks expansion outside of its home market.
		China's Green Pledges Are as Deep as a Coat of Paint - Isabel Hilton
	chinadigitaltimes.net /2006/08/china_construction_bank_plans_overseas_acquisitions_bra.php (695 words)

	China Construction Bank and KPMG: Seizing the Opportunities (Site not responding. Last check: 2007-11-04)
		KPMG's Financial Services practice in China brings together in-depth global business knowledge and an understanding of the local markets to help our clients grow their businesses.
		For example, we are currently helping China Construction Bank in its efforts to restructure and access international capital markets, as the organization expands its global reach and seeks to streamline internal operations.
		KPMG's international profile, skills, and knowledge of the Chinese banking market were key reasons why China Construction Bank appointed it to this major restructuring project.
	www.kpmg.com /About/What/Clients/China.htm (176 words)

	People's Daily Online -- Former president of China Construction Bank jailed for 15 years
		The former president of China Construction Bank (CCB), Zhang Enzhao, has been sentenced to a 15-year jail term for receiving bribes.
		The court said it gave Zhang a lenient sentence of 15 years because he made a full confession, even though investigators had no hard evidence of the crimes, and because he turned the bribe money over to the state.
		China Construction Bank is one of the big four state-owned commercial banks.
	english.people.com.cn /200611/03/eng20061103_318024.html (213 words)

	People's Daily Online -- China Construction Bank listed on HKEx
		China Construction Bank Corporation (CCB), a leading commercial bank in China, was listed on Hong Kong Exchanges and Clearing Limited (HKEx) on Thursday.
		It sold 26.48 billion H-shares through the global offer and 1.98 billion H- shares was offered to the public in Hong Kong for subscription, accounting for 7.5 percent of its global offer.
		The CCB's public offer was the world's largest amount of fund collecting since 2001 and set a new record for the HKEx's fund raising.
	english.people.com.cn /200510/28/eng20051028_217334.html (197 words)

	BofA expands projects with China Construction Bank - Charlotte Business Journal:
		China Construction Bank, which received a $3 billion investment from Bank of America Corp. in June 2005, has launched more than 20 partnership projects with the Charlotte-based bank.
		BofA owns nearly 9 percent of China's third-largest bank and has an option to increase its investment to 19.9 percent.
		BofA is also helping China Construction in financial and risk management, information-technology planning, and database management.
	www.bizjournals.com /ct/rc/30414/www.bizjournals.com/charlotte/stories/2006/09/25/daily35.html?from_rss=1 (547 words)

	Welcome to China Construction Bank Web Site! (Site not responding. Last check: 2007-11-04)
		CCB agency salary distribution service, as a type of financial direct payment business, is a convenient and sophisticated salary issuing service, as entrusted by financial department, offers to public servants and staffs of public institutions.
		Want to have your own car and property right now but do not have enough money in your account?
		Announcement of CCB for the First Phase 2006 of Offshore Client Wealth Management Product
	www.ccb.cn /portal/en/home/index.jsp (79 words)

	China Construction Bank Corp (0939.HK) Stock Quote \| Stocks \| Reuters.com
		China Construction Bank Corp (0939.HK) Stock Quote
		China Construction Bank Corporation (the Bank) is a Hong Kong-based commercial bank that provides a range of banking products and services, and related financial services.
		The corporate banking segment provides various financial products and services to...
	stocks.us.reuters.com /stocks/overview.asp?symbol=0939.HK (189 words)

	China Construction Bank makes insurance move » Netscape.com
		China Construction Bank makes insurance move » Netscape.com
		Money – Shares of China Construction Bank Corp., one of China's four main state-controlled banks, were higher in morning trading Friday after announcing it had applied to Chinese financial regulators for permission to create a joint-venture insurance company.
		The world's largest diversified miner said it will abandon the talks in favour of legal action against the workers, who are seeking a larger share of the benefits of spiralling…
	money.netscape.com /story/2006/09/08/china-construction-bank-makes-insurance-move (210 words)

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