MEMBER BANKS
Introducing Banking Association Member
China Construction Bank
Q&A
Name of bank: China Construction Bank Corporation (Johannesburg Branch).
Who owns the bank? China Construction Bank Corporation is
listed on the Hong Kong and Shanghai stock exchanges.
The top 10 shareholders are:
• Central Huijin Investment Ltd. (“Huijin”) – 57.03 (H-share), 0.23
(A-share)
• HKSCC Nominees Limited – 29.04 (H-share)
• Temasek Holdings (Private) Limited (“Temasek”) – 7.15 (H-share)
• State Grid Corporation of China (“State Grid”) – 1.14 (H-share)
• Baosteel Group Corporation – 0.80 (H-share), 0.13 (A-share)
• China Ping An Life Insurance Company Limited – 0.86 (A-share)
• China Yangtze Power Company Ltd. (“Yangtze Power”) – 0.41
(H-share)
• Reca Investment Limited – 0.34 (H-share)
• Ping An Life Insurance Company of China Ltd. –traditional –
high interest rate insurance products – 0.24 (A-share)
• China Securities Finance Corporation Limited – 0.09 (A-share)
Core business: Bilateral and syndicated lending, trade finance,
structured trade and commodity finance, project finance and
treasury, and transactional accounts and services.
Target market: Its Johannesburg branch targets clients in the
Energy, Telecommunications, Mining, Financial Services, Trading,
Logistics, Manufacturing, Health Care and Media industries in subSaharan Africa.
Core values or differentiators: Its core value is "To Build a
Better Life". In order to achieve this, the bank provides innovative,
practical and top-quality products and services to its clients. The
bank believes that its first responsibility is to its clients who use its
products and services.
The bank strives to:
• produce attractive returns for its shareholders.
• treat employees with dignity and respect, creating opportunities
for them to grow in their respective fields.
• follow the philosophy that "our clients are the reason for our
existence", and accordingly provides clients.
• be considered as a prime business institution in the communities
within which it operates.
Any newsworthy changes in the bank’s structure or business
in the near future? The bank intends to become more visible on
the continent through active participation in funding projects.
In the future, it will increase its strategic function as a regional
organisation to provide its clients with excellent and efficient
financial service. It will actively participate and service the cooperation of Chinese-African trade, as well as continue with the
goal of becoming a key bank in Southern African region.
Is there a key product or initiative you wish to highlight? One
of our key focus areas at present is the promotion of our Renminbi
(RMB) product offerings, which include:
• Renminbi /Forex Clearing Service for Foreign Banks,
• Cross-border RMB Settlement
• Renminbi Trade Finance
• Renminbi Term Funding
In the course of July 2009, the bank signed a Memorandum of
Understanding (MoU) with FirstRand Bank to promote bilateral
trade between China and Africa. To date the relationship has
blossomed successfully, and its parties have jointly completed a
n յ