On March 28, 2025, China Construction Bank Corporation (CCB) announced its operating results for 2024. The data followed International Financial Reporting Standards and were presented in RMB. The year 2024 marked significant anniversaries for China and the bank itself. The People's Republic of China celebrated its 75th anniversary, while CCB marked 70 years since its founding. Under the leadership of the CPC Central Committee with Comrade Xi Jinping at its core, CCB focused on high-quality development despite a low-interest rate environment. The bank found a balance between quality improvement and reasonable growth, achieving stable operations and meeting expectations.
CCB reported steady growth in assets and liabilities. By the end of 2024, total assets reached RMB 40.57 trillion, a 5.86% increase. Net loans and advances grew to RMB 25.04 trillion, while liabilities rose by 5.9% to RMB 37.23 trillion. Deposits increased by 3.83% to RMB 28.71 trillion. The deposit interest payment rate dropped to 1.65%, indicating improved interest costs. The bank's net profit reached RMB 336.282 billion, marking a 1.15% growth. The net interest yield was 1.51%, with a capital adequacy ratio of 19.69%, both leading in the industry.
"The concerned loan ratio was 1.89%, down by 0.55 percentage points from the previous year," CCB stated. The provision coverage ratio stood at 233.60%, signaling robust risk compensation capability. The board of directors proposed a final cash dividend of RMB 0.206 per share for 2024. The total dividend for the year accounted for 30% of the net profit attributable to shareholders, amounting to approximately RMB 100.754 billion.
CCB focused on supporting important sectors, increasing financial investments by RMB 1.05 trillion. The bank played a role in infrastructure investment and financing, supporting national initiatives. Loans to private and manufacturing enterprises increased, with significant growth in loans for strategic emerging industries. CCB also supported urban and rural development, increasing agriculture-related and county-level loans.
In retail initiatives, CCB increased individual consumption loans by 25.21% and credit card loans surpassed RMB one trillion for the first time in the industry. CCB distributed value coupons to encourage domestic consumption and introduced new mortgage loan options. The bank maintained focus on real estate financing, reducing interest rates, and supporting small enterprises.
In international initiatives, CCB stabilized foreign trade and investment services, reaching RMB 2.15 trillion in trade financing and exceeding RMB 5 trillion in cross-border RMB settlements. CCB's clearing bank in the UK maintained its position as the largest RMB clearing bank outside Asia.
CCB deepened comprehensive services, launching sci-tech evaluation tools to improve financing access for technology enterprises. It also expanded its green finance products, increasing green loans by 20.99% and underwriting various green bonds. The bank promoted inclusive finance, increasing loan balances and user engagement on the "CCB Huidongni" platform.
CCB focused on pension finance, releasing the 'JianYangAn' brand to expand services. It initiated loans tailored for pension purposes, emphasizing credit support for the pension industry. CCB's digital finance sector enhanced its infrastructure, maintaining competitive positions in cloud services and mobile banking.
CCB aimed to enhance management systems, optimizing its internal structures. "Currently, an inferential financial big model based on DeepSeek-R has taken shape," the bank noted, signaling technological integration into operations. The bank improved risk management by resolving risks in key areas and safeguarding consumer rights.
Looking to the future, 2025 is identified as a decisive year for CCB as China approaches the "15th Five-Year Plan." The bank aims to enhance its service capacity, mitigate risks, and participate in international competition while following guidance from national leadership. It remains committed to its primary responsibilities, aiming for sustainable, high-quality development.