Company Index



















China Construction Bank
中国建设银行
NEWS

Major Chinese banks reported mixed results, with overall revenue and net profit declining, and significant variation in performance. Non-performing loan ratios in the real estate sector remained high, impacting personal and business lending. Despite revenue drops, some banks showed net profit growth by cutting costs and relying on non-interest income, particularly from bond market investments.
Sep.7 2024 13:03 PM

- 1. Post-October 2023's Central Financial Work Conference, banks have ramped up efforts to develop retirement finance, with major banks establishing committees and departments to oversee these initiatives.
- 2. The retirement finance framework consists of three main areas: pension finance, retirement service finance, and elderly care industry finance, although the latter faces significant operational challenges and hesitations from banks.
- 3. China's aging population, reaching 296.97 million aged 60+ by end of 2023, intensifies the need for robust retirement financial solutions and increased support from commercial banks.
May.25 2024 12:54 PM

Tong Wentao, a former executive at China Construction Bank, is likely being investigated for exploiting his influence at the lender after joining a private developer
May.13 2024 20:52 PM

Positions at ICBC and CCB became vacant earlier this year when their incumbents were promoted to chair the lenders
Apr.30 2024 19:35 PM

- In 2023, the growth rate of retail loans in the banking sector slowed due to a decline in personal housing mortgage loans, traditionally a major component of retail lending. By the end of Q3 2023, the year-over-year growth rate of domestic retail loans was 6.85%, a decrease of 32 basis points from the same period in 2022.
- The balance of personal housing loans nationwide by the end of 2023 was ¥38.17 trillion, marking a year-over-year decrease of 1.6% and the first negative growth since 1997. Major banks reported similar trends with a collective reduction in mortgage loan balances amounting to ¥5166.26 billion, or a decline of 1.95%.
- Amidst these challenges, banks have shifted focus towards consumer loans targeting high-quality customer groups and personal business loans aimed at individual entrepreneurs and rural households, seeing these as areas with potential for growth despite existing financing difficulties for these groups.
Apr.27 2024 12:44 PM

- In 2023, China's banking sector faced a "cold spring" with many banks reporting a decline in revenue and a slowdown in net profit growth due to weak expectations, insufficient demand, and narrowing interest margins. Despite rapid asset growth, the quality of assets remained stable with high non-performing loan (NPL) ratios in real estate loans and rising NPL generation rates in credit card and consumer loans.
- The six major Chinese banks reported an average revenue growth rate of 0.58%, a decrease from the previous year, while the ten national joint-stock banks saw an average revenue growth rate of -3.29%. At least five listed small and medium-sized banks achieved net profit growth rates exceeding 15%, but others experienced significant profit declines.
- Banks are focusing on maintaining stable interest margins and exploring ways to increase non-interest income amid pressures on net interest income and fees/commission income. They are also balancing dividend payouts with capital replenishment needs in light of regulatory changes and economic uncertainties, aiming for sustainable development without compromising their ability to support economic growth and manage risks effectively.
Apr.6 2024 13:24 PM

Huang Qisen was taken away in March along with two Tahoe vice presidents by authorities probing alleged corruption at China Construction Bank
Nov.18 2022 05:37 AM

Fund to ‘invest in existing assets‘ as policy makers seek to contain real estate crisis
Sep.24 2022 17:17 PM

The Chinese CDC discloses details of the mainland’s first monkeypox case. A former senior executive of China Construction Bank is probed
Sep.22 2022 09:45 AM

Zhang Long, ex-chief of investment and wealth management, joins a lengthening list of managers brought down in anti-corruption probe
Sep.21 2022 03:50 AM

In its push to accelerate the e-CNY, the central bank faces big outlays for technology and processing capacity and the need for a robust regulatory infrastructure
Aug.15 2022 05:50 AM

Zhang Kangyang’s claim his signature was forged on loan documents wasn’t credible, a High Court judge ruled, ordering him to repay China Construction Bank
Jul.21 2022 05:26 AM

Tian Huiyu was removed from his position on Monday, ending his nearly nine-year stint running one of the country’s largest commercial banks
Apr.22 2022 18:52 PM

Board votes to reassign Tian Huiyu after nine years at the helm and put Wang Liang, an executive vice president, in charge
Apr.18 2022 21:41 PM

Zhang Jinliang will succeed Wang Jiang, who left in early March to head state-owned financial conglomerate China Everbright Group
Apr.15 2022 20:30 PM

Wang Ye, who ran the lender’s operations in the southern boomtown, is the latest executive of the state-owned giant to land in hot water with anti-corruption authorities
Apr.12 2022 19:54 PM

Vice President Huang Xi and Vice President Lin Wenhua of the Fujian province-based company have been taken for questioning
Mar.21 2022 20:15 PM

Tsingshan’s short squeeze gives CCB and other financial institutions the jitters over their potential exposure in such transactions
Mar.11 2022 07:23 AM

Wang Jiang was named China Construction Bank president just over a year ago
Mar.4 2022 13:23 PM

U.S. asset manager’s joint venture will sell retirement wealth management products in Guangzhou and Chengdu for a one year trial period
Feb.14 2022 21:05 PM
- Jun 16, 2025 02:54 PM
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