China Construction Bank was founded in 1954 as People’s Construction Bank of China. It is one of the ‘Big Four’ banks in China, and one of the biggest companies in the world. CCB has more than 13,000 branches in China alone and international offices in Barcelona, New York, Johannesburg, Sydney, Kuala Lumpur, Seoul, Tokyo, Singapore, Melbourne and Frankfurt. There is also a wholly owned subsidiary in London.
The bank was renamed China Construction Bank in 1996. In 2015, Forbes named CCB the second most powerful company in the world in its annual Global 2000 list.
China Construction Bank Products and Services
China Construction Bank in London offers a wide range of corporate banking services, including RMB and GBP correspondent banking, trade finance, treasury services, investment banking, FX and RQFII.
CCB has a wide range of investment banking options available to customers:
‘dim sum’ bond issuing
Corporate debt / convertible bonds
Mergers and acquisitions
CCB treasury services include spot, forward and swap transactions plus money market services and foreign exchange. Wider corporate banking services cover loans, letters of credit, documentary services, trade finance and overdrafts.
CCB also allows investors in the UK to access the RQFII programme, which enables UK funds to apply for RQFII licenses and invest their offshore funds into China’s domestic stock market. The bank has experts on hand to assist customers with understanding this process.
The bank also works to develop closer trade links between the UK and China and support Chinese investment in the UK and European Economic Area.
China Construction Bank does also offer personal banking services to customers based in China. These services include foreign currency deposits, loans, credit cards, current and savings accounts, securities deposits and services, and wealth management.
China Construction Bank Security
China Construction Bank is authorised by the Prudential Regulation Authority (PRA) and regulated by the Financial Conduct Authority (FRA) and the Prudential Regulation Authority.