CICHY - China Construction Bank Corporation

Other OTC - Other OTC Delayed Price. Currency in USD
15.99
-0.07 (-0.44%)
At close: 3:59PM EST
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Previous Close16.06
Open16.01
Bid0.00 x 0
Ask0.00 x 0
Day's Range15.99 - 16.39
52 Week Range14.10 - 18.37
Volume296,296
Avg. Volume104,791
Market Cap203.882B
Beta (5Y Monthly)1.43
PE Ratio (TTM)5.16
EPS (TTM)3.10
Earnings DateN/A
Forward Dividend & Yield0.89 (5.55%)
Ex-Dividend DateJun 30, 2019
1y Target EstN/A
  • GuruFocus.com

    No One Wants Chinese Stocks Now - And That's Why You Should

    The trade war, Hong Kong protests and coronavirus are wreaking havoc on the country's economy Continue reading...

  • It was Bloody Monday on China’s markets, and here’s how the biggest companies fared
    MarketWatch

    It was Bloody Monday on China’s markets, and here’s how the biggest companies fared

    Beijing’s announcement of several measures to support the anticipated stock-market bloodbath did little to help most sectors.

  • Bloomberg

    Can You Get $10 Billion of Stock Orders in 10 Hours?

    (Bloomberg Opinion) -- The last place on earth where bankers and traders can make real money is opening up. As part of its trade deal with the U.S., China vowed to grant Western financial institutions more access to its $14 trillion wealth-management industry. A number of foreign-controlled joint ventures with banks are in the works. Days before Christmas, Beijing approved the first one, a tie-up between Amundi Asset Management and a unit of Bank of China Ltd. Shortly afterward, China Construction Bank Corp. agreed to partner with BlackRock Inc. and Temasek Holdings Pte, while Industrial & Commercial Bank of China is flirting with Goldman Sachs Group Inc.Millions of dollars are being thrown at this. JPMorgan Chase & Co. and Nomura Holdings Inc. are buying up extra office space in Shanghai, where staff could be paid more generously than in Hong Kong. Goldman plans to double its headcount in China to 600 over the next five years. But why would foreigners want to crowd into the world’s most competitive market? Simple: Investors in China still have faith in active managers. Last year, it took just 10 hours for a star stock picker to attract more than $10 billion in orders for his firm’s debut mutual fund.Foreign firms might reason that they have deep talent pools, too. Bin Shi, a portfolio manager who has been with UBS Group AG since 2006, can churn out profit better than many of his mainland competitors. His Luxembourg-registered All China Fund returned 50% over the past year. By tapping into local banks’ distribution networks, Western asset managers could benefit from the army of retail investors that might come crowding in.If allowed to compete, Wall Street managers could almost effortlessly bat local competitors away. After all, Beijing wants Chinese wealth managers to emulate the U.S. model. In the West, middle-class savers have built up their nest eggs with mutual funds. They get some sense of their risk-return trade-off by checking (sometimes obsessively) the charts and numbers that showcase the historical ups-and-downs of their fortunes.Not so in China. Two years after the government unveiled sweeping rule changes, many products still carry the false perception of guaranteed future returns. It’s not uncommon for money managers to post these forecasts on their websites weekly. The concept of metrics like net asset value remain completely foreign to a money manager sitting in a Chinese bank branch. In that sense, Western competitors are miles ahead.Then consider the options. If Chinese savers looked at BlackRock’s range of offerings, for example, they’d be blown away. Some funds are designed to help you retire by 2040, while others are more tactical in nature. Blending bonds with stocks in a portfolio is commonplace, and financial metrics such as the Sharpe Ratio or effective duration for fixed income funds are readily available for savers to peruse, if they decide to get a bit technical.In China, investments that can deliver steady, stable gains are rare. Moms-and-pops are stuck with either bank deposits, which are essentially subsidies to the state-owned banks, wealth management products — nowadays pretty boring, thanks to Beijing’s sweeping rule changes to limit risk — or speculative private funds that can cost you dearly.To Beijing’s credit, foreigners have a fairly level playing field in the asset-management business. The new rules, which require banks to spin off their wealth units, are re-drawing the landscape entirely. The first such operation opened for business just six months ago, and there are now about half a dozen. It wasn’t until early December that the government even finalized net capital rules for these operations. So assuming the likes of Goldman and BlackRock can get their licenses quickly, their peers won’t be that far behind. That’s quite a positive step for a country that actively blocks Alphabet Inc.’s Google and Facebook Inc. to allow its domestic players flourish.Of course, we all know the realities of marriage: Whether a partnership yields happiness is anyone's guess. But that shouldn't discourage Western asset managers from trying. There's plenty of money to be made.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 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/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • BlackRock, Temasek to take majority stake in wealth management JV with CCB - sources
    Reuters

    BlackRock, Temasek to take majority stake in wealth management JV with CCB - sources

    BEIJING/SHANGHAI (Reuters) - U.S. asset manager BlackRock Inc, Singapore state investor Temasek Holdings (Pte) Ltd and China Construction Bank Corp (CCB) have agreed to set up a wealth management joint venture in China, said people with direct knowledge of the matter. A memorandum of understanding has been announced internally within BlackRock and CCB, according to the people and an internal notice seen by Reuters. The deal comes as China's government continues to open up its financial industry to foreign firms.

  • BlackRock, Temasek to take majority stake in wealth management JV with CCB: sources
    Reuters

    BlackRock, Temasek to take majority stake in wealth management JV with CCB: sources

    BEIJING/SHANGHAI (Reuters) - U.S. asset manager BlackRock Inc, Singapore state investor Temasek Holdings (Pte) Ltd and China Construction Bank Corp (CCB) have agreed to set up a wealth management joint venture in China, said people with direct knowledge of the matter. A memorandum of understanding has been announced internally within BlackRock and CCB , according to the people and an internal notice seen by Reuters. The deal comes as China's government continues to open up its financial industry to foreign firms.

  • Reuters

    UPDATE 2-China cbank warns high financial risks amid rising economic headwinds

    China needs to resolve outstanding financial risks, and must counter risks from "abnormal" market fluctuations that stem from external shocks, said the central bank on Monday, as Beijing prioritises financial stability amid increasing challenges. Financial markets are highly sensitive to global trade situations and rising uncertainties in global liquidity, said the People's Bank of China (PBOC) in its annual financial stability report, adding that it will step up real-time supervision on stock, bond, foreign exchange markets to prevent cross-sector risk contamination. Beijing has stepped up daily supervisions and assessment on potential "black swan" and "grey rhino" events that may occur in the future and has prepared contingency plans, as downward pressure on the economy rises, said the PBOC.

  • Moody's

    China Construction Bank (Europe) S.A. -- Moody's announces completion of a periodic review of ratings of China Construction Bank (Europe) S.A.

    Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of China Construction Bank (Europe) S.A. Paris, November 18, 2019 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of China Construction Bank (Europe) S.A. and other ratings that are associated with the same analytical unit. 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.

  • Moody's

    China Construction Bank Corp., Singapore Br. -- Moody's assigns A1 rating to senior unsecured notes issued by China Construction Bank Corporation, Singapore Branch; outlook stable

    Rating Action: Moody's assigns A1 rating to senior unsecured notes issued by China Construction Bank Corporation, Singapore Branch; outlook stable. Global Credit Research- 07 Nov 2019. Hong Kong, November ...

  • Norwegian Air shares jump as fleet deal, earnings ease pressure
    Reuters

    Norwegian Air shares jump as fleet deal, earnings ease pressure

    Norwegian Air unveiled higher-than-expected earnings and a deal to offload 27 new Airbus jets, sending its shares sharply higher on hopes that the low-cost carrier can avoid becoming the latest in a series of airline collapses. The carrier on Thursday posted third-quarter net income of 1.67 billion crowns (£141.9 million), raised its 2019 savings goal and outlined plans to cut capacity while increasing operating profit by 4 billion crowns over two years. Under a long-awaited joint venture, Norwegian will sell its A320 NEO planes on order from Airbus to a new leasing company 70% owned by China Construction Bank , generating a much-needed cash profit on each aircraft due in 2020-2023.

  • Moody's

    China Construction Bank Corp., Luxembourg Br. -- Moody's assigns A1 rating to green bonds issued by China Construction Bank's two branches; outlook stable

    Rating Action: Moody's assigns A1 rating to green bonds issued by China Construction Bank's two branches; outlook stable. Global Credit Research- 21 Oct 2019. Hong Kong, October 21, 2019-- Moody's Investors ...

  • Moody's

    CCB Financial Leasing Corporation Ltd. -- Moody's announces completion of a periodic review of ratings of CCB Financial Leasing Corporation Ltd.

    Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of CCB Financial Leasing Corporation Ltd. Hong Kong, September 06, 2019 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of CCB Financial Leasing Corporation Ltd. 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.

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

    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.

  • Moody's

    China Construction Bank (New Zealand) Limited -- Moody's announces completion of a periodic review of ratings of China Construction Bank (New Zealand) Limited

    Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of China Construction Bank (New Zealand) Limited and other ratings that are associated with the same analytical unit. "IMPORTANT NOTICE: MOODY'S RATINGS AND PUBLICATIONS ARE NOT INTENDED FOR USE BY RETAIL INVESTORS. 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.

  • Moody's

    China Construction Bank Corp., Hong Kong Br. -- Moody's assigns A1 rating to senior unsecured notes to be issued by two branches of China Construction Bank; outlook stable

    Rating Action: Moody's assigns A1 rating to senior unsecured notes to be issued by two branches of China Construction Bank; outlook stable. Global Credit Research- 21 Jun 2019. Hong Kong, June 21, 2019-- ...

  • 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 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.