Finance
China Construction Bank Corp.
In the news
- US threatens to cut off Chinese banks' access to dollars Jul 16, 2020
- In Depth: China prepares to tear down dusty bank-brokerage divide Jul 3, 2020
- Banks down, spirits up: Coronavirus reshapes China stock values Jul 1, 2020
- Hong Kong and China stocks jump as Trump's remarks seen as tame Jun 1, 2020
- Negative oil price teaches mom-and-pop investors a costly lesson May 21, 2020 See more articles on China Construction Bank Corp.
Company Background
China Construction Bank (CCB) is one of China's four major state-owned banking institutions. Established in 1954, its original name was the People's Construction Bank of China.
The bank was originally under the wing of the Ministry of Finance and provided funding in accordance with government plans to build infrastructure. In 1979, it went under the control of the state council and began to serve as a commercial bank as well. It got its current name in 1996.
The bank has major clients among large state-owned enterprises in infrastructure sectors including the electric power, telecommunications, oil, natural gas and construction industries. It listed its stock on the Hong Kong Stock Exchange in 2005 and on the Shanghai Stock Exchange in 2007.
The bank now serves large numbers of retail customers and small and midsize businesses. As of the end of 2014, it had 14,856 branch offices in China. Its corporate customers number 3.48 million and retail customers 314 million. It ranks second in China's banking industry next to Industrial and Commercial Bank of China.
The bank is actively expanding its business abroad, operating branch offices in Hong Kong, Macau, Singapore, Frankfurt, New York and Sydney. It has founded banking units in Britain, Russia and Dubai, which serve Chinese and other customers operating locally.
Business Summary
China Construction Bank Corp. engages in the provision of corporate and personal banking services. It operates through the following business segments: Corporate Banking, Personal Banking, Treasury Business, and Others. The Corporate Banking segment provides a range of financial products and services to corporations, government agencies, and financial institutions, which comprises of corporate loans, trade financing, deposit taking, and wealth management services, agency services, financial consulting, and advisory services, cash management services, remittance and settlement services, custody services, and guarantee services. The Personal Banking segment includes personal loans, deposit taking and wealth management services, card business, remittance services, and agency services to individual customers. The Treasury segment represents inter-bank money market transactions, repurchase and resale transactions, investments in debt securities, and trade of derivatives and foreign currency. The Others segment refers to equity investments and revenues, results, assets and liabilities of overseas branches and subsidiaries. The company was founded in October 1954 and is headquartered in Beijing, China.
Financial Highlights
| Dec 2021 | HKD | USD |
| Revenue | 1,558.17B | 200,464.13M |
| Gross Profit | -- | -- |
| Operating income | 473,776.86M | 60,952.88M |
| Income before tax | 454,134.33M | 58,425.81M |
| Net income | 364,591.98M | 46,905.90M |
| EBITDA | -- | -- |
| Diluted EPS | 1.43 | 0.18 |
| Dividends Per Share | 0.42 | 0.05 |
| Total Assets | 37,008.65B | 4,746.95B |
| Total liabilities | 33,859.80B | 4,343.06B |
| Total equity | 3,117.17B | 399,827.42M |
| Operating cash flow | 501,594.33M | 64,531.69M |
| Currency in HKD | Currency in USD |
Historical Data
| Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | |
| Revenue | 1,084.76B | 1,183.68B | 1,241.86B | 1,332.86B | 1,558.17B |
| Gross Profit | -- | -- | -- | -- | -- |
| Operating income | 347,771.00M | 366,124.17M | 378,313.09M | 385,871.80M | 473,776.86M |
| Income before tax | 345,494.81M | 364,835.48M | 370,051.37M | 377,247.46M | 454,134.33M |
| Net income | 279,351.44M | 301,627.10M | 302,452.94M | 304,577.08M | 364,591.98M |
| EBITDA | -- | -- | -- | -- | -- |
| Diluted EPS | 0.96 | 1.00 | 1.19 | 1.19 | 1.43 |
| Dividends Per Share | 0.34 | 0.34 | 0.34 | 0.39 | 0.42 |
| Total Assets | 26,559.11B | 26,482.16B | 28,452.88B | 33,354.73B | 37,008.65B |
| Total liabilities | 24,403.32B | 24,211.03B | 25,997.41B | 30,569.23B | 33,859.80B |
| Total equity | 2,136.50B | 2,253.87B | 2,434.36B | 2,756.39B | 3,117.17B |
| Operating cash flow | 580,997.82M | 660,202.75M | 401,490.34M | 608,762.00M | 501,594.33M |
| Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | |
| Revenue | 139,200.96M | 151,026.93M | 158,498.41M | 171,850.00M | 200,464.13M |
| Gross Profit | -- | -- | -- | -- | -- |
| Operating income | 44,627.12M | 46,714.13M | 48,283.79M | 49,751.42M | 60,952.88M |
| Income before tax | 44,335.03M | 46,549.71M | 47,229.35M | 48,639.46M | 58,425.81M |
| Net income | 35,847.29M | 38,484.89M | 38,601.82M | 39,269.89M | 46,905.90M |
| EBITDA | -- | -- | -- | -- | -- |
| Diluted EPS | 0.12 | 0.12 | 0.15 | 0.15 | 0.18 |
| Dividends Per Share | 0.04 | 0.04 | 0.04 | 0.05 | 0.05 |
| Total Assets | 3,397.47B | 3,382.42B | 3,651.64B | 4,301.69B | 4,746.95B |
| Total liabilities | 3,121.70B | 3,092.34B | 3,336.50B | 3,942.45B | 4,343.06B |
| Total equity | 273,304.66M | 287,874.95M | 312,426.03M | 355,487.48M | 399,827.42M |
| Operating cash flow | 74,555.55M | 84,235.90M | 51,241.88M | 78,489.21M | 64,531.69M |
Valuation Measures
| Dec 2021 | |
| PER | 3.07 |
| ROA | 1.03% |
| ROE | 12.41% |
| Operating margin | 30.40% |
| Profit margin | 23.39% |
Key executives
- Vice Chairman & President: Jin Liang Zhang
- Chief Financial Officer: Liu Rong Sheng
- Chief Information officer: Pan Shi Jin
- Executive Vice President: Zhihong Ji
- Executive Vice President: Zhang Min
Shareholders
- China Investment Corp. (Investment Company) (59.3%)
- The Vanguard Group, Inc. (1.2%)
- BlackRock Fund Advisors (1.0%)
- China State-Owned Assets Supervision & Admn Commission (0.8%)
- Norges Bank Investment Management (0.5%)
- State Street Global Advisors Asia Ltd. (0.4%)
- Dimensional Fund Advisors LP (0.4%)
- Reca Investment Ltd. (0.3%)
- Fidelity Management & Research Co. LLC (0.3%)
- BlackRock Advisors (UK) Ltd. (0.2%)
Contact Details
- Website:http://www.ccb.com
- Address: No. 25 Financial Street, Xicheng District, Beijing, 100033, China
- Phone: +86.10.6621.5533
Related Companies
- China Construction Bank Corp. (Huzhou Branch)
- China Construction Bank Corp. (Astana Branch)
- China Construction Bank Corp. (Jiangxi Branch)
- China Construction Bank (Dongguan Branch)
- China Construction Bank (Labuan Branch)
- China Construction Bank (Huangshan Branch)
- China Construction Bank (Anhui Branch)
- China Construction Bank (Hefei Branch)
- China Construction Bank (Maanshan Branch)
- China Construction Bank (Qufu Branch)
- China Construction Bank (Jining Branch)
- China Construction Bank (Shandong Branch)
- China Construction Bank Corp. Shanghai Pilot Free Trade
- China Construction Bank Corp. Sichuan Branch
- China Construction Bank /Liaoning Branch/
- CCB Wealth Management Co., Ltd.
- Taicang Branch of China Construction Bank Co., Ltd
- China Construction Algeria Co. Ltd.
- CCB Property & Casualty Insurance Co., Ltd.
- China Construction Bank (Seoul Branch)
- CCB Futures Co., Ltd.
- Jianxin Trust Co., Ltd.
- Ccb Brasil Financial Holding-Investimentos e Part Ltda.
- Golden Fountain Finance Ltd.
- CCB Pension Management Co., Ltd.
- CCB Financial Asset Investment Co., Ltd.
- China Construction Bank Corp. /27 Community Banks/
- China Construction Bank Corp. /Shenyang Branch/
- China Construction Bank Corp. /Xiamen Branch/
- China Construction Bank Corp. /Yangpu Branch/
Competitors
Copyright © 2023 FactSet Research Systems Inc. All rights reserved.
Last Updated on 26 Jan, 2023Discover the all new Nikkei Asia app
- Take your reading anywhere with offline reading functions
- Never miss a story with breaking news alerts
- Customize your reading experience
Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.