China Construction Bank (CCB) SSE: 601939 SEHK: 0939 (simplified Chinese: 中国建设银行; traditional Chinese: 中國建設銀行; pinyin: Zhōngguó Jiànshè Yínháng; often abbreviated as 建行) is one of the 'big four' banks in the People's Republic of China. To date, it is ranked as the nation's second largest and the second largest bank in the world by market capitalization. The bank has approximately 13,629 domestic branches. In addition, it maintains overseas branches in Hong Kong, Singapore, Frankfurt, Johannesburg, Tokyo and Seoul, as well as a representative office in Sydney. In June 2009, CCB opened its New York Branch and a wholly-owned subsidiary in London. Its total asset reached 8.7 trillion RMB in 2009.

Asian Stocks Rally On Fed Stimulus Action

Asian stock markets rallied to a four-month high Friday after the U.S. Federal Reserve launched another large scale of asset purchase program overnight to stimulate the world's largest economy.

Asian Stocks Mostly Up on Stimulus Hopes

Asian stock markets mostly ended higher Monday on hopes that major economies including the U.S and China would soon announce a new round of stimulus measures to spur growth.

Chinese Banks' Bad Loan Nightmare

China's credit risk is probably much worse than the official non-performing loan (NPL) data suggests, according to Société Générale's China macro strategist Wei Yao.

Asian Stock Markets Gain On Stimulus Bets

Asian stock markets advanced Tuesday, helped by expectations that the major central banks will announce further stimulus measures when they hold policy meetings later this week.

Asian Stocks Rise On ECB, Fed Stimulus Hopes

Asian stock markets advanced Monday on renewed hopes that policy makers in U.S. and Europe will announce further stimulus measures to spur economic growth when they hold policy meetings later this week.


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Temasek buys $2.3 billion of ICBC shares from Goldman

Singapore state investor Temasek bought $2.3 billion worth of ICBC's Hong Kong-listed shares from seller Goldman Sachs , piling into three of China's top four banks and raising its bet on the world's second-biggest economy.
A Goldman Sachs sign is seen on at the company's post on the floor of the New York Stock Exchange, Jan. 18, 2012

Goldman Sachs Sells $2.3 Billion Of ICBC Shares To Temasek Holdings

Temasek Holdings, the Singapore state-owned investment group, has agreed to buy $2.3 billion worth of shares in the Industrial and Commercial Bank of China (ICBC) from Goldman Sachs, a move that is seen as part of its strategy to increase investment in emerging economies.