China Construction Bank Asia Leveraging The Hong Kong Platform To Facilitate Mainland Enterprises Going Worldwide
By then, CCB had grown into a single of the country’s prime four banks, alongside its state-owned counterparts, Bank of China, Industrial & Commercial Bank of China, and Agricultural Bank of China. The bank was placed beneath the direct control of the State Council. CCB’s function then shifted from serving as a clearinghouse for governments to that of a far more traditional banking function rather of serving as a conduit for funding, the bank now became a lender. CCB completed its initial loan, of CNY 34 million, to the Liaoyang Fiber Plant in 1979. And when it comes to the...