China Construction Bank Celebrates 25th Anniversary in Singapore

Singapore Deputy Prime Minister Heng Swee Keat attended as Guest of Honour

SINGAPORE, Sept. 21, 2023 /PRNewswire/ -- China Construction Bank Corporation ("CCB" or the "Group") Singapore Branch ("CCB Singapore" or the "Branch") celebrated its 25th anniversary with the classical concert "Rhapsody Melody – CCB Night of Classics". The concert was performed by the Shanghai Philharmonic Orchestra on September 19, 2023 at Lee Foundation Theatre of Nanyang Academy of Fine Arts. 

More than 300 guests attended the event, including representatives from Singapore government agencies and the Embassy of the People's Republic of China in the Republic of Singapore, senior management from fellow Chinese companies in Singapore and CCB Singapore's customers and business partners. Mr. Heng Swee Keat, Singapore's Deputy Prime Minister and Coordinating Minister for Economic Policies attended the event as the Guest of Honour.

Mr. Tian Guoli, Chairman of China Construction Bank Corporation, noted in his video speech for the event, "CCB Singapore Branch's accomplishments over the past 25 years were made possible thanks to both the favorable business environment in Singapore and the trust and support from our business partners and friends from various sectors. As China and Singapore embark on a new chapter of a "comprehensive and high-quality forward-looking partnership", both countries will enhance the cooperation in areas such as digital economy, artificial intelligence, and green development. China Construction Bank will continue leveraging its strengths to actively contribute to the integration and exchange of the two economies."

Ms. Sun Nianbei, General Manager of CCB Singapore Branch, said at the event that the Branch has kept pace with the times over the past 25 years and achieved high-quality growth. It is deeply involved in the process of the RMB internationalization by providing highly specialised financing and transaction services; it actively supports green finance by participating in major infrastructure projects and takes the promotion of Fintech innovation as one of its core strategies. Upholding the commitment to building a comprehensive and integrated cross-border financing platform for customers in China and Singapore, the Branch will continue to serve the bilateral economic and trade cooperation between the two countries. As a capable, responsible, and caring corporate citizen, CCB Singapore will strengthen the connections and integration with local communities, and contribute back to the society.

Mr. Heng Swee Keat, Singapore's Deputy Prime Minister and Coordinating Minister for Economic Policies, remarked in his speech that over the past 25 years, CCB has continuously deepened its presence and built meaningful partnerships in Singapore, to become one of CCB's largest overseas nodes. He said that financial cooperation is a key pillar of the robust and longstanding partnership between Singapore and China and given Singapore's strengths as an international financial centre, there will be many opportunities, especially in sustainable finance, Fintech and infrastructure financing, for CCB and Singapore to collaborate and create a better future for the region and the world.

Mr. Zhu Jing, Chargé d'affaires, Deputy Chief of Mission and Minister-Counselor of the Chinese Embassy in Singapore, commented in his speech, "In the past 25 years, China Construction Bank Singapore Branch has shown the leading advantages and global vision as part of a major Chinese state-owned bank with exemplary performance in business, profitability, and asset quality. Hope CCB Singapore Branch will effectively bridge the financial communication between China and Singapore, actively explore broader cooperation in emerging fields such as green finance, digital finance and fintech, and contribute to a higher economic and trade relations between China and Singapore."

China Construction Bank Singapore Branch was established in March 1998. Over the past 25 years, the Branch's business scope expanded significantly and its business scale has continued to grow. In 2017, CCB's group-level infrastructure financing service centre and private banking centre were established in Singapore. In December 2020, the Branch obtained the Qualifying Full Bank License (QFB), becoming the third Chinese bank to obtain the QFB license in Singapore. In 2021, CCB Singapore's Commodity Trade Financing Center, Investment Banking Transaction Centre and Fintech Innovation Centre were established. With these five business centres, CCB Singapore will deliver comprehensive and integrated financing and investment services to customers in China and Singapore.

About China Construction Bank Corporation

China Construction Bank Corporation, headquartered in Beijing, is a leading large-scale commercial bank in China. Its predecessor, People's Construction Bank of China, was established in October 1954. It was listed on Hong Kong Stock Exchange in October 2005 (stock code: 939) and the Shanghai Stock Exchange in September 2007 (stock code: 601939). At the end of 2022, the Bank's market capitalisation approximated US$158,541 million, ranking fourth among all listed banks in the world. The Group ranks second among global banks by Tier 1 capital. 

The Bank provides customers with comprehensive financial services, including corporate finance business, personal finance business and treasury and asset management business. With 14,356 banking outlets and 352,588 staff members, the Bank serves 739 million personal and 9.35 million corporate customers. The Bank has subsidiaries in various sectors, including fund management, financial leasing, trust, insurance, futures, pension and investment banking, with 24,094 staff members, and has nearly 200 overseas entities covering 31 countries and regions.

For more information, please visit www.ccb.com

SOURCE China Construction Bank Corporation