China Construction Bank Net Worth is$201.9 B
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Company Name: China Construction Bank Corporation
Company Logo: Image:China Construction Bank.svg
Company Type: Public company
Traded As: 0939, CICHY
Company Slogan: CCB Build in modern lifedate
Foundation: Beijing, People's Republic of China (1954)
Location City: Beijing
Location Country: China
Key People: Wang Hongzhang (Chairman)
Zhang Jianguo (President), Xin Shusen (Vice President)
Industry: Banking, Investment
Products: Finance and insurance, Credit Cards
Revenue: link
Net Income: 169.43 billion (2011) Assets: 12.281 trillion (2011) Equity: 816.66 billion (2011) Num Employees: 329,338 (2011)
Homepage: [http://www.ccb.com ccb.com]
China Construction Bank Corporation (CCB; simplified Chinese: a,-a? 1/2 a>>?e(R) 3/4 e??e??; traditional Chinese: a,-a??a>>?e?-e??e??; pinyin: ZhA?ngguA? JiA nshA? YA-nhA?ng; often abbreviated as a>>?e??; SSE: 601939, SEHK: 0939, OTC Pink: CICHY) is one of the 'big four' banks in the People's Republic of China. In 2011 CCB was the second largest bank in the world by market capitalization and 13th largest company in the world. The bank has approximately 13,629 domestic branches. In addition, it maintains overseas branches in Frankfurt, Hong Kong, Johannesburg, New York, Seoul, Singapore, Tokyo, and Sydney, and a wholly owned subsidiary in London. Its total assets reached 8.7 trillion RMB in 2009.
CCB was founded on 1 October 1954 under the name of "People's Construction Bank of China" (Chinese: a,-a? 1/2 a??ae??a>>?e(R) 3/4 e??e??; pinyin: ZhA?ngguA? RA(C)nmA-n JiA nshA? YA-nhA?ng), and later changed to "China Construction Bank" on 26 March 1996.
In January 2002, CCB Chairman Wang Xuebing resigned from the bank after being charged with accepting bribes while he was employed with Bank of China; he was sentenced to 12 years in prison. In March 2005, his successor, Zhang Enzhao, resigned for "personal reasons." Just prior to his resignation, he had been charged in a lawsuit with accepting a US$1 million bribe. He was later sentenced to 15 years in jail in connection with the case.
China Construction Bank Corporation was formed as a joint-stock commercial bank in September 2004 as a result of a separation procedure undertaken by its predecessor, China Construction Bank, under the PRC Company Law. 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.
In 2005, Bank of America acquired a 9% stake in China Construction Bank for US$3 billion. It represented the company's lar

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