When China Construction Bank’s Chinese investment is the safest in the world
China Construction Banking Ltd., a joint venture between China Construction Group Corp. (CCG) and China Construction Investment Group Corp., said on Thursday that its Chinese investment will be the safest of all the banks in the Asian country.CCG, which also owns the Hong Kong-listed Chinese Bank of Commerce, said it will be “the safest of the banks” by virtue of its “strong track record and proven track record in the global construction market.”
Its global assets will exceed $8.7 billion and include more than 5,000 structures, the Chinese bank said in a statement.
China Construction Bank has more than 50 million members in China, the United States, Hong Kong and Singapore, it added.
The Chinese bank is a member of the Hongkong-listed Shanghai-based CCG.
The two banks are working to set up a joint holding company to hold investments from their joint venture to build a new $5.2 trillion skyscraper on Shanghai’s Wanxiang Avenue.