China Construction Bank

In addition, it maintains overseas branches in London, Barcelona, Frankfurt, Luxembourg, Hong Kong, Johannesburg, New York City, Seoul, Singapore, Tokyo, Melbourne, Kuala Lumpur, Santiago de Chile, Brisbane, Sydney and Auckland.

Its total assets reached CN¥ 8.7 trillion in 2009,[3] and it is considered a systemically important bank by the Financial Stability Board.

Following the China Banking Regulatory Committee's approval on 14 September 2004, the next day the bank (Jianyin) became a separate legal entity, owned by the Chinese government holding company, Central Huijin Investment Company or simply Huijin.

[12][13] In July 2024, Reuters reported China Construction Bank would cut the salary of its staff at its headquarters by 10% with deeper salary cuts for higher-ranking employees, in line of the common prosperity agenda promoted by Chinese leader Xi Jinping.

Bank of America currently has offices in Hong Kong, Shanghai, and Guangzhou and sought to expand its Chinese business as a result of this deal.

On or about 5 June 2008, Bank of America purchased 6 billion H-shares for approximately HK$2.42 per share using call options under a formula in the initial acquisition agreement.

[15] In May 2009, speculation was raised that Bank of America had sold US$7.3 billion worth of CCB shares after being ordered to obtain more capital following the results of the Dodd-Frank Act Annual Stress Test.

[22] In late 2005, China Construction Bank made an initial public offering on the Stock Exchange of Hong Kong.

Logo of the People's Construction Bank of China before 1996
CCB tower (right) in Hong Kong