Caixin
Sep 29, 2022 03:26 AM
FINANCE

China Construction Bank to Set Up Consumer Finance Unit

What’s new: China Construction Bank Corp. won approval to set up a consumer finance unit, becoming the third state-owned lender to have a specific unit dedicated to providing personal consumption loans.

China Construction Bank plans to invest 6 billion yuan ($835.9 million) to establish CCB Consumer Finance Co., the bank said. The unit will have a registered capital of 7.2 billion yuan.

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