About China Construction Bank

China Construction Bank Corporation provides various banking and related financial services to individuals and corporate customers in the People's Republic of China and internationally. The company operates principally in the Chinese mainland with branches covering all provinces, autonomous regions and municipalities directly under the central government, and several subsidiaries located in the Chinese mainland. The company also has bank branch operations in Hong Kong, Macau, Taiwan, Singapore, Frankfurt, Johannesburg, Tokyo, Seoul, New York, Sydney, Ho Chi Minh City, Luxembourg, Toronto, London, Zurich, Dubai, Chile, Astana, Labuan, Auckland, etc., and certain subsidiaries operating in Hong Kong, London, Moscow, Luxembourg, British Virgin Islands, Auckland, Jakarta, San Paulo and Kuala Lumpur, etc. The comopany provides customers with comprehensive financial services, including corporate finance business, personal finance business and treasury and asset management business. The company serves 739 million personal and 9.35 million corporate customers. The company has subsidiaries in various sectors, including fund management, financial leasing, trust, insurance, futures, pension and investment banking, with 24,094 staff members, and has nearly 200 overseas entities covering 31 countries and regions. The company implements the new development concept fully, accurately and comprehensively and supports the fostering of a new development pattern to promote high-quality development. It consciously practices finance activities in a politically oriented and people-centred manner, focuses on the Three Major Tasks, continuously enhances the Three Capabilities, and further advanced New Finance initiatives with the Three Major Strategies of housing rental, inclusive finance and FinTech. It deeply cultivates key areas of national economy and people’s livelihood, such as smart government affairs, rural revitalisation, green development, elderly care and healthcare, consumer finance, mega wealth management, FinTech, and county-level business expansion, so as to maximise values to stakeholders, including customers, shareholders, employees and society, and create more magnificent chapters for New Finance through the Chinese path to modernization. The company increased residential mortgages, selected target areas, cooperative enterprises, cooperative real estate projects and customers, promoted strategic cooperation with key cooperative institutions, and developed and promoted digital management of cooperative real estate project eligibility. The company promoted innovation of credit card green credit products, launched the Long Card – Green & Low-Carbon Credit Card and Long E-Loan Cars second-hand car installment and other products, intensified cooperation with new energy vehicle brands, and consolidated instalment loan market position, with loan balance and installment loan balance ranking first in the industry. I For Business Community, the company builds a 1+N operation system for merchants across the bank, developed a combined management mode of Card Acquiring Products + Comprehensive Financial Services to meet needs of merchants and improved comprehensive service capabilities, such as integrated card acquiring, full payment acceptance, and flexible clearing and recording for merchants to meet their Business + Life needs. It deepened the operation of merchant customer groups, and carried out more than 10 marketing activities, such as Fourfold Gifts for Card Acquiring Merchants and Benefit Merchants and Residents with Coupons to promote highquality development of merchant business. The company continuously enriched its personal payment products and launched options of payment such as instalments via Long Pay, quick loan payment via Long Pay and Payment with e-CNY + Bonus Points, so as to consolidate the underlying support of payment and serves customers’ multi-level consumption needs. The company enriched credit card product lines. It innovatively developed Long Card – Cash Reward Credit Card, Long Card – Youth Card, Winter Olympics Bing Dwen Dwen Card, Qatar World Cup Card and other products, provided customised digital cards and steadily promoted digitalisation of credit card products. Relying on the CCB Lifestyle platform, the company fully deployed credit card products and functions based on user profile, traffic, financial products, scenario-based goods, user rights and interests, payment capability and event support capacity. The company strived to build a digital wealth management model that serves all customers, and unimpeded the transmission chain of investment research – investment advisory – customer service, thus forming a core competitiveness of wealth management featuring people + digitalisation + professionalism. The company focuses on connecting the value chain of Wealth Management – Asset Management – Investment Banking, promoted the two-wheel drive of mega wealth and mega asset management, and accelerated the transformation of asset management business. The company focuses on the ability to provide financial services, aggregated resources within the Group, and enriched product and service offerings on the interbank cooperation platform. The company’s total number of securities customers of third party security custody services related to transaction settlement funds exceeded 80 million. The company’s marketing channel of Connection via QR Code achieved full coverage of all branches and sub-branches and basic coverage of securities companies to further facilitate the customers’ securities investment. In 2022, the company established overseas commercial banking institutions in 30 countries and regions. China Construction Bank (Asia) Corporation Limited (CCB Asia) is a licensed bank registered in Hong Kong. CCB Asia holds a banking license to engage in multiple lines of business, with its core base in Hong Kong and Macau, and a wide reach that extends to the Chinese mainland and Southeast Asia. The targeted customers of its wholesale business include local Blue-Chip and large Red-Chip companies, large Chinese conglomerates and multinational corporations, while it also provides quality financial services to premium local customers. CCB Asia has traditional advantages in providing professional financial services such as overseas syndicated loans and structured finance and has rich experience in corporate finance business in international settlement, trade finance, financial market trading and financial advisory service. CCB Asia is the Group’s service platform for retail and small and medium-sized enterprises in Hong Kong, and has 32 outlets. China Construction Bank (London) Limited is a wholly-owned subsidiary of the company. China Construction Bank (Russia) Limited (CCB Russia) is a wholly-owned subsidiary of the company. CCB Russia holds a comprehensive banking license, a precious metal business license and a security market participant license issued by the Central Bank of Russia. It is mainly engaged in corporate deposits and loans, international settlement and trade finance, financial market trading and financial institutional business. China Construction Bank (Europe) S.A. (CCB Europe) is a wholly-owned subsidiary of the company. CCB Europe has established branches in Paris, Amsterdam, Barcelona, Milan, Warsaw and Hungary. CCB Europe mainly provides services to large and medium-sized enterprises in Europe, as well as European multinational enterprises in China. It is mainly engaged in corporate deposits and loans, international settlement, trade finance, and cross-border trading. China Construction Bank (Brasil) Banco Múltiplo S/A is a whollyowned subsidiary of the company. CCB Brasil provides banking services, including corporate loans, trading and personal lending, as well as non-banking financial services such as financial lease. China Construction Bank (Malaysia) Berhad is a wholly-owned subsidiary of the company. As a licensed commercial bank, CCB Malaysia provides various financial services, including global credit granting for large local infrastructure projects in Malaysia and project finance, trade finance, clearing in multiple currencies and cross-border fund transactions for enterprises engaging in Sino-Malaysian bilateral trade. PT Bank China Construction Bank Indonesia Tbk (CCB Indonesia) is a fully licensed commercial bank listed on the Indonesia Stock Exchange. CCB Indonesia is committed to serving the bilateral investment and trade between China and Indonesia, and provides high-quality services to local enterprises in Indonesia. Its business priorities include corporate business, small and mediumsized enterprise business, trade finance and infrastructure finance. CCB Financial Leasing Co., Ltd. is a wholly-owned subsidiary of the company. CCB Financial Leasing Co., Ltd. is mainly engaged in finance leasing, transfer and purchase of finance lease assets, and fixed-income securities investment. CCB Property & Casualty Insurance Co., Ltd. mainly engaged in motor vehicle insurance, insurance for business and household property, construction and engineering, liability insurance, hull and cargo insurance, short-term health and accidental injury insurance, and reinsurance of the above-mentioned offerings. CCB International (China) Co., Ltd, a wholly-owned subsidiary of CCB International, holds 100% shares in CCB International Capital Management (Tianjin) Co., Ltd. CCB Engineering Consulting Co., Ltd. (CCB Consulting) is mainly engaged in cost consulting, engineering consulting, bidding agency, project supervision, investment consulting, and project management. CCB Consulting gave full play to its professional edge to serve the real economy. It used consulting tools to supervise pre-sale funds and relief funds for ensuring timely deliveries of presold houses and used the Green Finance + Consulting service model to help construction projects obtain green certification. CCB Financial Asset Investment Co., Ltd. is a wholly-owned subsidiary of the company. CCB Financial Asset Investment Co., Ltd. is mainly engaged in debt-for-equity swaps and relevant supporting businesses. CCB Life and CCB International (China) Co., Ltd. hold 80.1% and 19.9% respectively in CCB Life Asset Management Co., Ltd. CCB International (China) Co., Ltd. is a wholly-owned subsidiary of CCB International. CCB Private Equity is mainly engaged in private equity investment and is committed to the management of national strategic emerging industry development funds and other private equity funds. CCB International (Holdings) Limited is the company’s wholly owned subsidiaries in Hong Kong. CCB International (Holdings) Limited offers, through its subsidiaries, investment banking related services, including sponsoring and underwriting of public offerings, corporate merger and acquisition and restructuring, direct investment, asset management, securities brokerage and market research. CCB International (Holdings) Limited gave full play to its advantages in crossborder financial market services, focused on financing demands of high-quality enterprises in key areas, strengthened layout in biomedicine, aerospace and new energy industries, and actively used new listing models such as special purpose acquisition company (SPAC) to better support major initial public offering (IPO) projects. As a specialised commercial bank committed to serving the housing finance sector, Sino-German Bausparkasse Co., Ltd. is engaged in housing savings deposits and loans, residential mortgages, and real estate development loans for governmentsubsidised housing supported by state policies. CCB Life Insurance Co., Ltd. is a life insurance subsidiary. The Bank, China Life Insurance Co., Ltd. (Taiwan), the National Council for Social Security Fund, Shanghai Jin Jiang International Investment and Management Company Limited, Shanghai China-Sunlight Investment Co., Ltd., and China Jianyin Investment Limited hold 51%, 19.9%, 16.14%, 4.9%, 4.85% and 3.21% of its shares, respectively. CCB Life Insurance Co., Ltd is mainly engaged in personal insurance such as life, health, accidental injury insurance and reinsurance of the above-mentioned offerings. Specifically, CCB International Innovative Investment Limited, a whollyowned subsidiary of CCB International holds 100% shares in CCB Dingteng (Shanghai) Investment Management Co., Ltd. CCB Housing is mainly engaged in housing rental business. CCB Housing actively implemented the housing policy that encourages both housing rentals and purchases, cultivated and supported the development of housing rental market. CCB Principal Asset Management Co., Ltd. is engaged in the raising and selling of funds, and asset management. CCB Trust Co., Ltd. is a trust subsidiary invested and controlled by the company. The company and Hefei Xingtai Financial Holding (Group) Co., Ltd. hold 67% and 33% of its shares, respectively. It is mainly engaged in trust business, investment banking and proprietary business. CCB Trust pressed ahead with the transformation of its five business lines: equity investment, securities investment, property investment, wealth management, investment banking and service trust, and achieved steady development of each business. CCB Futures Co., Ltd. is mainly engaged in commodity futures brokerage, financial futures brokerage, asset management and futures investment advisory business. CCB Trading Company Limited, a wholly-owned subsidiary of CCB Futures, is engaged in pilot risk management operations approved by the CSRC, such as warehouse receipt service and pricing service, and general trade business. CCB Pension Management Co., Ltd. is mainly engaged in investment and management of national social security funds, businesses related to management of enterprise annuity funds, entrusted management of pension funds, and pension advisory service for the above-mentioned asset management activities. CCB Wealth Management Co., Ltd. is a wholly-owned subsidiary of the company. CCB Wealth Management Co., Ltd. is mainly engaged in the offering of WMPs, investment and management services of entrusted properties, and wealth management advisory and consulting services to the customers. CCB Housing Rental Private Fund Management Co., Ltd. is mainly engaged in private equity investment fund management and venture capital fund management services CCB Housing Rental Private Fund Management Co., Ltd. is the general partner of CCB Housing Rental Fund (Limited Partnership) and serves as both the fund manager and managing partner. The company provides its customers with convenient and high-quality banking services through branches and sub-branches, self-service facilities and specialised service entities across the world as well as electronic banking service platforms. The company continued to optimise its outlets layout and support resource input in channel construction in regions and counties, such as the Beijing-Tianjin-Hebei region, the Yangtze River Delta, and the Guangdong-Hong Kong-Macao Greater Bay Area. The company enhanced its online service capability to ensure broad self-service channel coverage The company has built an online ecological layout with Mobile Banking + CCB Lifestyle as the core, Internet platforms serving specific customer groups, such as CCB Huidongni and Yunongtong as the moat, and external empowerment platforms as the extension to access extensive users. The company’s newly upgraded mobile banking was designed to streamline business processing, upgrade users’ experience via data insights and deepen value creation with platformbased operation, thus delivering more user-friendly service. Segments The company operates through Corporate Finance Business, Personal Finance Business, Treasury and Asset Management Business, and Others segments. Corporate Finance Business This segment represents the provision of a range of financial products and services to corporations, government agencies and financial institutions. The products and services include corporate loans, trade financing, deposit taking and wealth management services, agency services, financial consulting and advisory services, cash management services, remittance and settlement services, guarantee services, and Investment banking services, etc. Personal Finance Business This segment represents the provision of a range of financial products and services to individual customers. The products and services comprise personal loans, deposit taking and wealth management services, card business, remittance services and agency services, etc. Treasury and Asset Management Business This segment covers the company’s treasury operations. The treasury and asset management segment enters into inter-bank money market transactions, repurchase and resale transactions, and invests in debt securities. It also trades in derivatives and foreign currencies for its own account. The treasury and asset management segment carries out customer-driven derivatives, foreign currency, precious metal trading and custody services. Its function also includes the management of the Group’s overall liquidity position, including the issuance of debt securities. Others This segment covers equity investments and the revenues, results, assets and liabilities of overseas commercial banks. Specifically, from 2022 financial statements onwards, the company will reclassify activities of the Asset Custody Department from Corporate Finance business segment to Treasury and Asset Management business segment, activities of the Investment Banking Department from Treasury and Asset Management business segment to Corporate Finance business segment, and reclassify business segments of activities of subsidiaries. Deposits The company offers corporate deposits, demand deposits, time deposits, and personal deposits. History China Construction Bank Corporation was founded in 1954.