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Last $16.08 USD
Change Today -0.36 / -2.19%
Volume 85.6K
As of 8:10 PM 07/27/15 All times are local (Market data is delayed by at least 15 minutes).

china construct-unspon adr (CICHY) Key Developments

China Construction Bank Corporation Announces Appointment of Wang Zuji as Vice Chairman, Executive Director and President

The board of directors of China Construction Bank Corporation held a board meeting on 12 June 2015 and adopted resolutions to appoint Mr. Wang Zuji as the president of the Bank and to elect Mr. Wang Zuji as vice chairman of the Board. On 15 June 2015, the annual general meeting of the Bank passed a resolution to appoint Mr. Wang Zuji as an executive director of the Bank. As the Bank has recently received the approval from the China Banking Regulatory Commission, Mr. Wang Zuji will serve as vice-chairman, executive director and president of the Bank effective from 9 July 2015. Mr. Wang Zuji, aged 57, is of Chinese nationality. He obtained his doctorate degree in economics from Jilin University. He served as the vice governor of People's Government of Jilin Province from January 2008 to September 2012, and vice chairman of China Insurance Regulatory Commission from September 2012 to May 2015.

Chinese Bank Announces Opening of Four Branches in Europe

China Construction Bank has announced that will be opening its doors in Europe in four locations. These branches are located in Paris, Amsterdam, Barcelona and Milan. CCB's European branches will, at first focus on providing services for Chinese enterprises and European companies, covering the commercial financing, bank deposit and cash transactions.

China Construction Bank Corporation Announces 2014 Cash Dividend on A Shares, Payable on July 1, 2015

China Construction Bank Corporation announced 2014 cash dividend on A shares of RMB 3.01 per 10 shares (tax included). The dividend is payable on July 1, 2015 with record date of June 30, 2015 and ex-date of July 1, 2015.

China Construction Bank Corporation Announces Resignation of Zhang Jianguo as Vice Chairman, Executive Director and President of the Bank

Due to work arrangement, Mr. Zhang Jianguo has tendered the board of directors of China Construction Bank Corporation of his intention to resign as vice chairman, executive director and president of the Bank. Mr. Zhang confirmed that he has no disagreement with the Board and there is no matter that needs to be brought to the attention of the shareholders of the Bank.

China Construction Bank Corporation Announces Board Appointments

The meeting of the board of directors of China Construction Bank Corporation was held onsite on June 12, 2015. The board approved proposal on the appointment of Mr. Li Jun as a Member of each of the Strategy Development Committee and Audit Committee, proposal on the appointment of Ms. Hao Aiqun as a Member of each of the Strategy Development Committee and Risk Management Committee, proposal on the appointment of Mr. Wim Kok as Chairman of Nomination and Remuneration Committee, proposal on the appointment of Mr. Wang Zuji as President of the bank, proposal on the appointment of Mr. Wang Zuji as Vice-chairman of the board, and proposal on the appointment of Mr. Wang Zuji as a member of each of the Strategy Development Committee and the Risk Management Committee.

 

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CICHY:US $16.08 USD -0.36

CICHY Competitors

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Company Last Change
Cathay Financial Holding Co Ltd 49.60 TWD -0.80
Deutsche Bank AG €29.95 EUR +0.55
Federal National Mortgage Association $2.41 USD -0.13
UBS CH Property Fund - Leman Residential Foncipars SFr.88.50 CHF -0.35
Wesfarmers Ltd A$41.38 AUD +0.06
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Industry Analysis

CICHY

Industry Average

Valuation CICHY Industry Range
Price/Earnings 6.5x
Price/Sales 3.0x
Price/Book 1.1x
Price/Cash Flow 0.2x
TEV/Sales NM Not Meaningful
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