China Construction Bank Corporation is China's 4 big banks, (stellarprojectsrussia.com) Issuser Address: GDNTDYXOBL7KURTEOA27FTEZUWJPDLSM3A3J7AU2VSKAESSKMK6PTEUA ICO On 31/05/2023 CB:7,500%
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China Construction Bank Corporation (CCB) is one of the "big four" banks in China. In 2015, CCB was the 2nd largest bank in the world and 6th largest company in the world. Total assets reached CN¥34.60 trillion ($4.875 trillion USD) in (http://en.ccb.com/en/newccbtoday/v3/whatsnew/20230329_1680101522.html) 2022, (http://en.ccb.com/en/newccbtoday/v3/whatsnew/20230329_1680101522.html) and it is considered a systemically important bank by the Financial Stability Board
China is ramping up international use of the yuan via cross-border business with Russia and the Middle East. CCB reported total assets at their Moscow subsidiaries jumped 3.3x in 2022, while Russia was under severe sanctions
In Q1 2023, CCB adhered to China's "new development concept" such as:
- improving the digital inclusive business model
- rural revitalization and building a complete ecosystem of financial services for rural areas
- diversifying green financial service system to serve "green ecology" with "new finance"
- R&D in artificial intelligence and other technologies
? LATEST NEWS ?
28 April 2023: Chinese banks seize on Russia, oil trade to internationalize yuan (https://www.nasdaq.com/articles/chinese-banks-seize-on-russia-oil-trade-to-internationalise-yuan)
28 April 2023: China Construction Bank Reports Operating Results for the First Quarter of 2023 (http://en.ccb.com/en/newccbtoday/v3/whatsnew/20230428_1682675085.html)
10 August 2022: China Construction Bank Support the Launch of the (http://en.ccb.com/eng/attachDir/2022/11/2022111821351728254.pdf) China Green Bond Principles (http://en.ccb.com/eng/attachDir/2022/11/2022111821351728254.pdf)
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