CHINA CONSTRUCTION BANK (CCB)

The China Construction Bank (CCB) is the second largest Bank in the People's Republic of China (PRC) and the most important between Big Four Bank: Agricultural Bank of China (ABC)Industrial and Commercial Bank of China (ICBC) and Bank of China (BOC). The CCB is also the eighth largest Bank in the world for market capitalization with more than 13,000 branches.  The CCB was founded in 1954 under the name of "People's Construction Bank of China" and later changed to "China Construction Bank" in 1996. Initially was State Bank to administer and disburse government funds for construction and infrastructure related projects under the state economic plan. In 1979, the CCB became a financial institution and gradually assumed more commercial banking functions. The CCB specializes in medium to long-term credit for infrastructure projects and urban housing development. It’s listed on the Hong Kong Stock Exchange in 2005. In addition to China, is present in all major industrialized countries, with offices in Germany, Great Britain, United States, Japan, Hong Kong, South Africa, South Korea, Singapore and Australia.

Editor: Giovanni AVERSA