0939.HK - China Construction Bank Corporation

HKSE - HKSE Delayed Price. Currency in HKD
+0.030 (+0.48%)
At close: 4:08PM HKT
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Previous Close6.280
Bid6.300 x 0
Ask6.310 x 0
Day's Range6.270 - 6.320
52 Week Range5.550 - 7.210
Avg. Volume337,639,425
Market Cap1.595T
Beta (3Y Monthly)1.16
PE Ratio (TTM)5.54
EPS (TTM)1.139
Earnings DateN/A
Forward Dividend & Yield0.35 (5.56%)
Ex-Dividend Date2019-07-02
1y Target Est9.19
  • Thousands of Hong Kong Protesters Ignore Mask Ban as Violence Resumes

    Thousands of Hong Kong Protesters Ignore Mask Ban as Violence Resumes

    (Bloomberg) -- Violence escalated in Hong Kong as protesters set fires and vandalized train stations and banks, pushing back against government efforts to quell demonstrations when it invoked a colonial-era emergency law.Some rail services were suspended and businesses shuttered early on Sunday as demonstrators lobbed petrol bombs and bricks, spray-painted retail outlets and public property and destroyed banking facilities across the city. Video footage showed a bloodied man laying on a road after he was dragged out of the taxi he was driving and stomped on by a group of protesters after the vehicle hit some of them.The protests followed warnings from opposition leaders that Chief Executive Carrie Lam’s decision to invoke a colonial-era emergency law to impose a ban on protesters wearing face masks would only further anger critics. A 14-year-old boy was shot and injured Friday night, the second shooting of the week, during a scuffle between a plain-clothes police officer and demonstrators who had attacked his car.Here’s the latest (all times local):Rail service halted (8:36 p.m.)MTR Corp., operator of the city’s rail network, suspended the service of all trains except the line to the airport, saying on its website that “it was no longer in a position to provide safe and reliable service to passengers.” PLA barracks (7:45 p.m.)Protesters gathered outside the People’s Liberation Army barracks in Kowloon Tong, the South China Morning Post reported. Uniformed men inside the compound watched the demonstrators from a rooftop, flashing torchlights at them and raising a yellow flag to warn them to leave, according to the report.The office of lawmakers Priscilla Leung and Lo Wai-kwok in Cheung Sha Wan was attacked and a nearby restaurant vandalized and damaged, the South China Morning Post reported.Protesters arrested (7 p.m.)Video footage showed police arresting a group of protesters. There had been little information on how authorities would implement the ban on face masks at protests, and what criteria they would apply in deciding on arrests of those who used them. The city’s Executive Council approved the ban on face coverings at protests and public assemblies.Tear gas fired (5 p.m.)Police deployed multiple rounds of tear gas to disperse protesters outside Swire Properties’ Pacific Place shopping mall and office complex in Admiralty, but demonstrators re-gathered and remained in the area blocking one of the main roads leading into the Central business district.Tear gas was also fired by officers in Wan Chai where demonstrators had gathered in a park, while a police water cannon left Central heading in the direction of Admiralty.In the nearby Legislative Council building, a “red alert” was issued at 4:25 p.m. local time, calling on all personnel to leave the building immediately because of safety concerns.Thousands take to streets (2:30 p.m.)In Tsim Sha Tsui, hundreds of people, wearing masks and dressed in black, occupied the normally busy Salisbury Road before marching toward the Mong Kok district.One of the demonstrators, a 40-year-old real estate worker who gave his name as Danny, said: “We want to explain to the government that wearing a mask is our right and we want to keep doing it this way.”He said he believed the emergency law could be broadened to enforce harsher measures, so we want our opinions heard, to make it clear that “this emergency law is not correct; it’s an outdated law.”A protester in Causeway Bay, I.C. Chan, 25, who works in the medical industry, said it didn’t matter that Sunday’s march was unauthorized because the police decision to approve or not was made by an “unauthorized organization.”“I have no idea how it’s going to end but I’m doing whatever I can,” he said. Chan said he doesn’t believe destruction of property is acceptable in a functioning society but felt that Hong Kong wasn’t functioning. “People can’t contain their anger as there’s no other way to vent.”Protesters ignore rain, ban (2 p.m.)Hundreds of protesters blocked roads in Causeway Bay and across the harbor in Tsim Sha Tsui as people started gathering for rallies. The demonstrators left Causeway Bay and marched toward Central, while a smaller group in Tsim Sha Tsui disrupted traffic at a busy intersection near the popular waterfront area.Court rejects injunction (1:30 p.m.)The High Court denied an application for an interim injunction by all 24 pro-democracylawmakers on the ban of wearing of face masks during protests, Radio Television Hong Kongreported. The court adjourned a hearing on the lawmakers’ application for a judicial review of the government measure to later this month, it said.Court challenge (10 a.m.)All 24 of Hong Kong’s pan-democratic lawmakers filed an application in the High Court for an interim injunction to suspend the ban on wearing masks during protests, RTHK reported. The submission was scheduled to be heard Sunday morning.The lawmakers have also lodged a judicial review to challenge the ban, according to the report.Legal sector lawmaker Dennis Kwok said before the hearing that the application involved a fight between the rule of law and authoritarianism, and was “one of the most important constitutional cases in the history of Hong Kong.”Train services resume (7 a.m.)MTR said it plans to resume part of its service Sunday. Some stations, including Admiralty, Mong Kok, and Causeway Bay, will remain closed as staff needed time to repair damaged facilities. Train services at other stops will end earlier at 9 p.m. to allow time for repairs. The express train connecting the city center to the airport will also run normally through 1 p.m., when the service will be limited to just the airport and the Hong Kong station, without stopping at other sites following a government request, it said.More than 10% of ATMs down (11:15 p.m.)More than a 10th of the city’s 3,300 ATMs were damaged and couldn’t function normally, the Hong Kong Monetary Authority said. Among those that functioned normally, 5% couldn’t provide withdrawal services, it added. Banks are coordinating with delivery service providers over the supply of banknotes.Protester who was shot is arrested (9:30 p.m.)The 14-year-old boy who was shot in the leg after a scuffle with an off-duty police officer was arrested, police said in a statement. The boy was operated on at a hospital and was in stable condition, the South China Morning Post reported.Police confront protesters (8:30 p.m.)Police said they had moved in to disperse protesters in the Wong Tai Sin and Yuen Long districts who were blocking roads and paralyzing traffic. The police said in a statement that they were “deploying appropriate” force in the area.HKMA dismisses speculation (6:20 p.m.)The Hong Kong Monetary Authority, the city’s de facto central bank, dismissed speculation in social media on Saturday, which it described as a “malicious attempt to cause panic among the public.”The city has a “robust and sound” banking system with ample liquidity, the HKMA said in a statement. It’s well positioned to withstand any market volatilities and has sufficient supply of banknotes to meet the needs of the public, it said.Police detain two (5:15 p.m.)Police detained two people with face masks in a square in Central, RTHK reported. At least one other person was arrested after a peaceful procession by demonstrators. Riot police started appearing on the streets after marchers split up when they reached Chater Garden, their destination in Central. Some linked up in a human chain while others sang and chanted slogans in parks and squares.Bank group apologizes (5 p.m.)The Hong Kong Association of Banks said some banks had shut branches and suspended services to repair damage, and to ensure the safety of customers and staff.The association expressed regret over the situation and apologized for the inconvenience. It said in a statement that it condemns the violent acts across the city and and hopes social order will be restored quickly “following the introduction of the Prohibition on Face Covering Regulation.”Train services suspended (3:15 p.m.)The city’s train services will be suspended for the rest of Saturday, with the exception of the Airport Express, according to operator MTR. Train services had been halted Friday night. This was the first time the service has been shut down since 2007, when the company merged with Kowloon–Canton Railway Corporation, MTR said.Masked marchers (2 p.m)Hundreds of Hong Kong protesters defied the ban on masks as they marched from Victoria Park, Causeway Bay, to Central. Fewer people took part in the procession than recent demonstrations after one of the most violent weeks since the unrest began in June.‘Everyone is scared’: Lam (1 p.m.)Hong Kong leader Lam said “everyone is worried and scared” after Friday’s clashes, which was “a very dark day.” The chief executive said in a recorded televised address that the city was experiencing unprecedented violence and that she cannot allow a small minority to destroy people’s freedoms.The government will “curb the violence with the greatest determination,” she said, calling on people to support it and to condemn the violence.Banks, stores shut (7 a.m.)The ParknShop supermarket and Watsons retail chains, as well as some of China’s biggest state-owned lenders shut almost all their locations for the day. Industrial and Commercial Bank of China Ltd. and China Construction Bank Corp. closed their branches in Hong Kong, while Bank of China (Hong Kong) Ltd. said it would only keep one open. Even 7-Eleven, known to be open around the clock, announced on its website that all stores will close at 5 p.m., as did the Wellcome supermarket chain.One person shot (2:45 a.m.)A plain-clothes policeman fired a shot that injured a person at about 9 p.m. on Friday after the officer was attacked and beaten by protesters, Yolanda Yu, a police senior superintendent, said a press conference early Saturday morning. The incident is being investigated, she said, defending the right of the officer to discharge his weapon as his life “was threatened.”The police haven’t been in contact with the injured person, who’s undergoing surgery at a local hospital. While she didn’t link the case to the earlier injury sustained by a 14-year-old, Yu said she believes it’s related to the open-fire incident in the Yuen Long district.Injured 14-year-old, officer assaulted: (Saturday 12:18 a.m.)A 14-year-old who was sent to hospital is in a serious condition after this evening’s protests, according to a spokesman for Hong Kong’s Hospital Authority. The spokesman couldn’t specify how the patient was injured.At around 9 p.m., a large group of “rioters” attacked a plainclothes police officer, according to a government statement. The officer was assaulted after he fell to the ground, firing his gun to warn off his assailants. Another subsequently hurled a petrol bomb at him, setting his body briefly on fire. The officer dropped his gun while escaping and a second petrol bomb was thrown at him as he called for back up, according to the statement.Court denies interim injunction: (11:38 p.m.)After listening to arguments for two hours, a court decided against granting a temporary suspension of the anti-mask law after pro-democracy activists brought a late Friday injunction application. The ban will come into effect at midnight.\--With assistance from Fion Li, Crystal Tse, Divya Balji, Annie Lee and Natalie Lung.To contact the reporters on this story: Aaron Mc Nicholas in Hong Kong at amcnicholas2@bloomberg.net;Alfred Liu in Hong Kong at aliu226@bloomberg.net;Dominic Lau in Hong Kong at dlau92@bloomberg.netTo contact the editors responsible for this story: Brendan Scott at bscott66@bloomberg.net, ;Shamim Adam at sadam2@bloomberg.net, Stanley James, Linus ChuaFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • China's banks face earnings squeeze due to rate reform, trade war uncertainty

    China's banks face earnings squeeze due to rate reform, trade war uncertainty

    BEIJING/SHANGHAI (Reuters) - China's banks face pressure on earnings and asset quality in the coming months as interest rate reforms squeeze margins and a Chinese-U.S. trade war adds to economic uncertainty. Three of the nation's top listed banks this week each reported a profit rise of nearly 5% in the first half of the year, but warned they faced headwind. "The trade war causes uncertainty, and there is downward pressure on the economy," Gu Shu, president of the world's largest commercial lender, Industrial and Commercial Bank of China (ICBC), told a news conference on Thursday.

  • China Could Use a Libor-Rigging Scandal

    China Could Use a Libor-Rigging Scandal

    (Bloomberg Opinion) -- Eighteen banks coordinating to calibrate a market-driven rate – cynics could be forgiven for thinking that another Libor-rigging scandal is around the corner in China. Perversely, such an outcome would be a good sign for its financial system. Over the weekend, the People’s Bank of China made the loan prime rate, which banks offer to their best clients, the new benchmark for pricing corporate loans. It works a bit like Libor, the key global rate that determines borrowing costs for everything from student loans to derivatives: Every month, 18 banks will submit their one-year loan prime rates to the PBOC, which will publish an average after removing the highest and lowest quotes.It isn’t inconceivable that Chinese lenders, like their peers in the U.S. and Europe, would be tempted to collude and fix these rates to their advantage. But you need to have a market before you can manipulate it. In China, banks still don’t know how to price loans without hand-holding from the central bank. A case in point: Lenders in the developed world use market-driven benchmarks to determine their loan rates. Banks in Hong Kong, for instance, base mortgage rates on one-month Hibor, the city’s main interbank rate. In the U.S., loans with longer duration are priced against Treasuries of the same tenor. No such standards exist in China’s loan market. Some banks link their loan rates to Shanghai’s Libor equivalent; some to Chinese government-bond yields; and some to the savings deposit rates they offer. Still others equate their loan prime rates to the coupons of their own bonds, which means they don’t earn a penny from originating these loans. This dysfunction helps explain why the PBOC is asking these 18 banks to base their loan prime rates on their cost of borrowing from the central bank – China’s bank-loan market needs a pricing benchmark. It’s also understandable that the central bank is frustrated with the status quo. Lenders have enjoyed cheaper funding in recent months, as the PBOC has pumped liquidity into the system through open-market operations. Yet they haven’t passed lower borrowing costs on to clients: Many banks simply apply the central bank’s policy one-year lending rate of 4.35%, tag on a small discount of, say, 10%, and blindly offer this minimum loan rate.As a result, and much to the PBOC’s ire, interest rates for bank loans have held steady, despite a lower cost of borrowing in the bond and money markets. In its statement, the central bank warned against lenders setting “hidden floors” that would maintain lenders’ profit margins.Expanding the list of banks to 18 from 10 – and including regional and rural commercial banks – will also create extra work for the PBOC. Whereas the Big Four commercial banks can rely on China’s thrifty households for deposits, regional banks have to seek funding from the interbank market. Bank of Xi’an Co., for instance, gets more than a quarter of its funding from short-term loans in the interbank market, compared with roughly 10% for China Construction Bank Corp.This makes smaller banks’ access to funding much more volatile. If a lender such as Bank of Xi’an has a big repo loan due over the next week, wouldn’t its loan prime rate have to shoot higher? Bureaucrats at the PBOC will need to spend a good deal of time babysitting these small-town bankers – and teach them a thing or two about cash-flow management. While it’s laudable that the PBOC finally took the long-awaited step – six years, to be exact – in interest-rate reform, one can’t help wondering if China’s bank-loan market is ready. What we will end up seeing is a lot of window guidance. The PBOC can only wish that Chinese bankers are as clever as those in London.(Corrects the legend in the chart, which was reversed.)To contact the author of this story: Shuli Ren at sren38@bloomberg.netTo contact the editor responsible for this story: Rachel Rosenthal at rrosenthal21@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Shuli Ren is a Bloomberg Opinion columnist covering Asian markets. She previously wrote on markets for Barron's, following a career as an investment banker, and is a CFA charterholder.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.

  • HSBC Gets the Cold Shoulder in China

    HSBC Gets the Cold Shoulder in China

    (Bloomberg Opinion) -- It’s hard not to see HSBC Holdings Plc’s exclusion from China’s interest-rate reform as a snub.Hong Kong’s biggest bank wasn’t included in a list of 18 lenders that will participate in pricing for a new loan prime rate that the People’s Bank of China will start releasing Tuesday. The roster includes foreign lenders Standard Chartered Plc and Citigroup Inc., which have smaller China businesses than HSBC.It’s the latest sign that all may not be well in HSBC’s relations with Beijing, after a turbulent period that has seen the departures  this month of Chief Executive Officer John Flint and the bank’s Greater China head, Helen Wong. HSBC shares fell 13% in Hong Kong this year through last Friday, compared with a decline of less than 1% in the benchmark Hang Seng Index.London-based HSBC, which is also Europe’s biggest bank, has made China a key plank of its growth strategy. The lender is the third-largest corporate bank in the country by market penetration, according to data provider Greenwich Associates LLC. That places it ahead even of China Construction Bank  Corp. and Agricultural Bank of China Ltd., two of the nation’s big four state-owned lenders. Standard Chartered and Citigroup don’t rank among the top five, according Gaurav Arora, head of Asia Pacific at Greenwich.It could be argued that HSBC’s focus on big corporate clients means it’s less attuned to the loan market for small and medium-size enterprises that are the focus of China’s changes to its interest-rate regime. That would be a stretch, though. Corporate banking is a scale game. And even though StanChart may have a greater preponderance of smaller clients, HSBC surely has many similar customers. Citigroup’s inclusion makes more sense: It’s the only U.S. bank in China with a consumer-lending business that spans credit cards to SME loans. The list also includes less influential domestic lenders such as Bank of Xian Co. Those searching for reasons why HSBC may have fallen into China’s bad books may point to Huawei Technologies Co. Liu Xiaoming, China’s ambassador to the U.K., summoned Flint to the embassy earlier this year to interrogate him over the bank’s role in the arrest and prosecution of Meng Wanzhou, the chief financial officer of Huawei, the Financial Times reported Monday. The then-CEO told him HSBC had no option but to turn over information that helped U.S. prosecutors build a case against Meng, the FT said. On Aug. 9, an HSBC spokeswoman denied that Wong’s departure as Greater China head was linked to any issue involving Huawei, pointing out that she announced her resignation before Flint’s departure. Still, the bank has faced criticism in China’s state-owned media over its role in the case. The way HSBC helped the U.S. Department of Justice acquire documents concerning Huawei was unethical, the Global Times reported previously, citing a source close to the matter. The bank was likely to be included in China’s first “unreliable entity” list of companies that have jeopardized the interests of Chinese firms, it said.The timing of China’s interest-rate snub won’t do anything to quell jitters, coming a day after Cathay Pacific Airways Ltd. CEO Rupert Hogg resigned amid criticism from Chinese regulators over its stance on employee participation in Hong Kong’s protests. Beijing is becoming more muscular in its attitude to the city’s unrest and foreign-owned businesses aren’t being spared. In an increasingly politicized environment, even a business that’s been around for 154 years will have to tread carefully. To contact the author of this story: Nisha Gopalan at ngopalan3@bloomberg.netTo contact the editor responsible for this story: Matthew Brooker at mbrooker1@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Nisha Gopalan is a Bloomberg Opinion columnist covering deals and banking. She previously worked for the Wall Street Journal and Dow Jones as an editor and a reporter.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.

  • Some China Construction Bank (HKG:939) Shareholders Are Down 19%
    Simply Wall St.

    Some China Construction Bank (HKG:939) Shareholders Are Down 19%

    Investors can approximate the average market return by buying an index fund. While individual stocks can be big...

  • What Should Investors Know About The Future Of China Construction Bank Corporation's (HKG:939)?
    Simply Wall St.

    What Should Investors Know About The Future Of China Construction Bank Corporation's (HKG:939)?

    Looking at China Construction Bank Corporation's (HKG:939) earnings update in March 2019, analyst consensus outlook...

  • Moody's

    State Elite Global Limited -- Moody's announces completion of a periodic review of ratings of China Construction Bank Corporation

    Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of China Construction Bank Corporation and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.

  • Reuters

    China April bank lending seen moderating, policy support still on track - Reuters poll

    New bank loans in China likely pulled back in April from strong levels the previous month, but may still outpace the historical trend as the central bank keeps up efforts to support cash-strapped smaller companies, a Reuters poll showed. Chinese banks are expected to have extended 1.2 trillion yuan (135.9 billion pounds) in net new yuan loans in April, falling from 1.69 trillion yuan in March but still ahead of 1.18 trillion yuan in the same month last year, a median estimate in a Reuters survey of 32 economists showed. Bank lending jumped 20 percent in the first quarter to a new record -- and there are some signs the economy is slowly responding -- but there are also concerns that a prolonged, heavy credit burst could fuel a further rise in bad loans as banks loosen lending standards.

  • Reuters

    China Big Five banks post modest profit growth amid loan push

    BEIJING/SINGAPORE (Reuters) - China's five biggest state-owned banks posted a modest growth in quarterly profit as policymakers pushed them to make more loans, but the results still missed expectations amid the lingering impact of an economic slowdown. Net profits at the country's so-called Big Five banks, led by Industrial and Commercial Bank of China Ltd (ICBC), grew by more than 4 percent in the January-March quarter from a year earlier. The gain comes on the heels of disappointing 2018 fourth quarter when four of the five turned in their weakest profit growth in more than two years as business activity slowed and they sharply increased provisions for bad loans.

  • Investing.com

    China’s Four Largest Banks’ Bad Loans Hit Multi-Year Highs

    Investing.com - Bad loans at China's four largest lenders grew at the fastest pace since 2017 in the first quarter, Bloomberg reported citing financial statements.

  • Reuters

    China's big banks post modest first-quarter profit growth

    BEIJING/SINGAPORE(Reuters) - China's five largest state-owned banks posted modest first-quarter profit growth, though slightly below expectations, as policymakers pushed lenders to make more loans to support the slowing economy. Net profits at the country's so-called Big Five banks, led by Industrial and Commercial Bank of China Ltd (ICBC), grew by more than 4 percent in the January-March quarter from a year earlier. The gain comes on the heels of disappointing 2018 fourth-quarter results that saw four of the five lenders posting their weakest quarterly profit growth in more than two years as business activity slowed and they sharply increased provisions for bad loans.

  • Reuters

    China Construction Bank posts 4.2 pct Q1 profit rise, misses estimates

    BEIJING/SINGAPORE, April 29 (Reuters) - China Construction Bank Ltd (CCB), the country's second-largest lender by assets, posted a lower than expected 4.2 percent increase in first-quarter profit as its ...

  • Reuters

    Malaysia's Proton to get $455 mln financing from China Construction Bank

    Malaysia's national carmaker Proton has secured 1.88 billion ringgit ($455.10 million) in banking facilities from China Construction Bank to fund expansion around the region, it said in a statement late Friday. The loans are earmarked for Proton's growth plans to be the number one automotive brand in Malaysia and number three in ASEAN by 2027, the company said. "Expansion to foreign markets is critical for sales growth while obtaining financing allows the company to invest in the many projects required to turn Proton into a truly global automotive brand," Chairman Syed Faisal Albar said in the statement.

  • At HK$7.01, Is China Construction Bank Corporation (HKG:939) Worth Looking At Closely?
    Simply Wall St.

    At HK$7.01, Is China Construction Bank Corporation (HKG:939) Worth Looking At Closely?

    China Construction Bank Corporation (HKG:939) saw significant share price movement during recent months on the SEHK, rising to highs of HK$7.18 and falling to the lows of HK$6.49...

  • What Are Analysts Saying About China Construction Bank Corporation's (HKG:939) Earnings Trajectory?
    Simply Wall St.

    What Are Analysts Saying About China Construction Bank Corporation's (HKG:939) Earnings Trajectory?

    Want to participate in a research study? Help shape the future of investing tools and earn a $60 gift card! The most recent earnings update China Construction Bank Corporation's (HKG:939) released in December 2018 indicated...

  • Reuters

    China's top banks warn of 'fragile' bad loans scenario as economy slows

    BEIJING/HONG KONG (Reuters) - China's top four state-controlled banks warned bad loans could rise and interest margins would shrink industry-wide, as three of them posted their weakest quarterly profit growth in more than two years. Top lender Industrial and Commercial Bank of China (ICBC) reported flat net profit of 58.05 billion yuan ($8.63 billion) for the fourth quarter, the first time it has seen no growth in a quarter since the July-September 2016 quarter. Agricultural Bank of China Ltd (AgBank), the third-largest lender, also posted a drop of 5.4 percent on Friday in fourth-quarter net profit, its first quarterly decline since 2015.

  • Investing.com

    Asian Stocks Mixed; Brexit in Focus as May Vows to Resign if Deal is Passed

    Investing.com - Asian stocks were mixed in morning trade on Thursday. The Brexit saga continues to unfold as U.K. Prime Minister Theresa May said she would resign if Parliament backs her Brexit deal.

  • Reuters

    China Construction Bank posts first quarterly profit drop since 2015

    * Profit at 40.55 bln yuan vs 43 bln yuan analyst view -Reuters calc * NPL 1.46 pct at December-end vs 1.47 pct three months prior * Net interest margin at 2.31 pct from 2.34 pct at September-end * (Adds ...

  • Reuters

    China Construction Bank's Q4 profit dips 1 pct, missing estimates

    SINGAPORE/HONG KONG, March 27 (Reuters) - China Construction Bank Corp (CCB) reported a 1 percent drop in fourth-quarter net profit on Wednesday, missing analysts' estimates. China's second-biggest lender ...

  • Reuters

    BRIEF-China Construction Bank's 2018 Net Profit Up 5.1 Pct

    March 27 (Reuters) - China Construction Bank Corp : * SAYS 2018 NET PROFIT UP 5.1 PERCENT Y/Y * SAYS NPL RATIO AT 1.46 PERCENT AT END 2018 * SAYS COMMON EQUITY TIER 1 RATIO AT 13.83 PERCENT AT END 2018 ...