China Construction Banks is one of China’s “Big Four” banks, making it one of the largest in the world. It’s been steadily climbing the ranks of the Global 500 ranks since it debuted on the 500 in the 364th spot. China Construction Bank first broke the top 50 in 2013. China Construction Bank also had a set back this year after it was fined by Hong Kong’s securities regulator for failing to conduct its due diligence before submitting an application for Chinese packaged food manufacturer Fujian Dongya Aquatics to bring the company to the market. China Construction Bank acted as the company’s sponsor, and faced a $3.06 million fine.
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News about China Construction Bank
Non-performing loans are growing faster than profits.
In almost all cases, shadow lending is kept off the banks' balance sheets.