China Construction Bank and Bloomberg Deepen Collaboration

Beijing – China Construction Bank (“CCB”) and Bloomberg this week signed a Memorandum of Understanding (MOU) to cement greater global collaboration between the two firms.

Bing Wang, Executive Vice President of CCB and Bing Li, Bloomberg’s Head of APAC, signed the MOU on behalf of their companies.

Bloomberg has been an enterprise technology provider to CCB for more than a decade, with financial data, analytics and electronic trading solutions. Through the deepened relationship, CCB will explore working with Bloomberg to further enhance capabilities in serving global investors, risk management, green finance, and industry research.

Tian Guoli, Chairman of CCB, said: “Bloomberg is a world leading provider of financial information services. CCB has been actively building a bridge to provide cross-border financial services for customers. Both firms have maintained good collaboration over the years and hope to extend that collaboration, utilizing expertise to seize the opportunities of China’s capital markets opening-up and in the global markets.”

“Firms like China Construction Bank play an important, growing role in global financial markets,” said Michael R. Bloomberg, Founder of Bloomberg LP. “We’re glad to build on our strong and longstanding relationship with CCB, working together to serve even more customers worldwide.”

About China Construction Bank

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.

China Construction 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.

About Bloomberg

Bloomberg is a global leader in business and financial information, delivering trusted data, news, and insights that bring transparency, efficiency, and fairness to markets. The company helps connect influential communities across the global financial ecosystem via reliable technology solutions that enable our customers to make more informed decisions and foster better collaboration. For more information, visit Bloomberg.com/company or request a demo.

Media Contact

Irene Gu, +86-10-66497535, igu3@bloomberg.net