China Construction Bank
* For banks, enterprise value is substituted with market cap. Source: Bloomberg Finance L.P.
China Construction Bank appears in the following brand league tables:
Rank 10 in the
Banking 500 2013.
Rank 46 in the Global 500 2013.
Rank 3 in the China 100 2013.
Rank 10 in the Banking 500 2012.
Rank 48 in the Global 500 2012.
Rank 2 in the China 100 2012.
Rank 3 in the China 100 2011.
Rank 10 in the Banking 500 2011.
Rank 37 in the Global 500 2011.
Rank 6 in the Banking 500 2010.
Rank 33 in the Global 500 2010.
Rank 3 in the China 100 2010.
Rank 9 in the Banking 500 2009.
Rank 62 in the Global 500 2009.
Rank 101 in the Global 500 2008.
Rank 18 in the Banking 500 2008.
2013 brand performance*
* Figures taken on 31st December 2012.
2012 brand performance*
* Figures taken on 31st December 2011.
2011 brand performance*
* Figures taken on 31st December 2010.
2010 brand performance*
* Figures taken on 31st December 2009.
Provide better service for our customers, create higher value for our shareholders, build up broader career paths for our associates and assume full responsibilities as a corporate citizen.
CCB was founded on October 1, 1954 under the name of "People's Construction Bank of China", and later changed to "China Construction Bank" in 1996. China Construction Bank Corporation was formed as a joint-stock commercial bank in September 2004 as a result of a separation procedure undertaken by their predecessor, China Construction Bank, under the PRC Company Law. Following the China Banking Regulatory Committee's approval the bank (Jianyin) became a separate legal entity, owned by the Chinese government holding company. In 2006, CCB acquired Bank of America (Asia), which started in 1912 in Hong Kong as Bank of Canton, and which has a subsidiary in Macao. BoA had already acquired a 9% stake in CCB in 2005. In late 2007, it made China's second-largest initial public offering of 57.12 billion Renminbi yuan (7.6 billion US dollars) on the Shanghai Stock Exchange. In 2008, CCB submitted an application to the Federal Reserve Board to establish a branch in New York City.New York State approval has already been given, and a formal license is expected to be granted in 2009.
CCB operates in China, where all four of the main commercial banks are state-owned. Until 2001, when China joined the World Trade Organisation, the level of competition in Chinese banking was limited. However since then, the opening up of the market has led to increased commercialisation in the Chinese banking industry. The responsibility for government-directed spending functions passed on to policy banks in 1994, but non-performing loans still account for 5% of assets among China's big four banks (this figure is closer to 1% among western banks), and that is after a "clear-out" of bad debts prior to the IPOs of CCB and ICBC. The brand has satelite offices in Hong Kong, Singapore, Frankfurt, Johannesburg, Tokyo and Seoul, as well as representative offices in New York, London and Sydney, but nearly all of its business remains in China. This makes it surprising that the bank's logo is clearly derived from western characters, and looks like two overlapping C's, surely reperesntative of "China" and "Construction".