Bank History

CCB (Asia) originated from The Bank of Canton which was established in Hong Kong in 1912 by Chinese businessmen, including Li Yuk-tong and Look Pong-shan. It was the first Chinese-owned bank in Hong Kong and Look Pong-shan was the first chairman. The headquarter was located at 6 Des Voeux Road Central, Hong Kong, which is now the flagship branch of CCB (Asia).

The Bank of Canton’s head office was located at 6 Des Voeux Road Central

Due to Great Depression, operations of the bank were suspended in 1935. Through re-capitalization by Soong Tse-ven, the bank reopened on November 23 and was chaired by Soong Tse-ven.

The bank expanded its business to Macau by setting up a subsidiary Bank of Canton (Macau), which was the first Chinese-owned financial institution registered in Macau.

The Bank of Canton reopened in 1936. Soong Tse-ven (forth from right) served as the Chairman of the board.

Hong Kong was occupied by Japan in World War II. The bank’s business was suspended again.

World War II ended and Hong Kong was liberated. Former staff rebuilt The Bank of Canton and its banking business was quickly back on track. It soon became the largest Chinese-owned remittance and foreign exchange bank in Hong Kong in the post-war era.

Celebration of the 35th Anniversary of The Bank of Canton (1947)

Shanghai Fire & Marine Insurance Co. Ltd. became a subsidiary of The Bank of Canton and was renamed Hongkong & Shanghai Insurance Company Limited later. In 2001, Hongkong & Shanghai Insurance Company Limited merged with QBE Insurance (Hong Kong) Ltd, a wholly owned subsidiary of QBE Group and was renamed QBE Hongkong & Shanghai Insurance Limited.

The Bank of Canton officially announced its cooperation with Security Pacific National Bank in 1971. In 1988, The Bank of Canton was officially renamed Security Pacific Asian Bank.

The inauguration of Security Pacific Asian Bank

China Construction Bank acquired a 100% interest in Bank of America (Asia) from Bank of America and was renamed China Construction Bank (Asia).

The inauguration of CCB (Asia) (2007)

CCB (Asia) acquired AIG Finance (Hong Kong) and was renamed China Construction Bank (Asia) Finance, laying the solid foundation for expanding the credit card and personal loan businesses in Hong Kong.

Signing ceremony of the acquisition of AIG Finance (Hong Kong)

Business integration of China Construction Bank (Asia) and China Construction Bank Hong Kong Branch.

CCB Hong Kong Business Integration Ceremony

The three buildings of CCB in Hong Kong were officially inaugurated. CCB Tower is the head office of CCB (Asia), located at Central; CCB Centre is the mid-to-back office of CCB’s entities in Hong Kong, situated in Kowloon Bay; CCB Hong Kong Training Centre is CCB’s first offshore training site, located at Sai Wan.

(From left to right) CCB Centre, CCB Tower, CCB Hong Kong Training Centre

CCB (Asia) Celebrated the 105th Anniversary

105th Anniversary Cocktail Reception on February 21, 2017

After five-year effort, the successful completion of “New Generation System Overseas Integration Project” marked the launch of CCB (Asia)’s brand new core banking system which powers the bank’s strategic transformation and business development in the future.

“New Generation System Overseas Integration Project” successfully launched