China’s largest financial institution, China Construction Bank Corporation (9626.HK), has reported a strong performance in the first half of 2021. The bank’s net profit increased by 4.9% compared to the same period last year, reaching 154.8 billion yuan (approximately $23.9 billion USD). This growth can be attributed to the bank’s focus on digital transformation and expanding its presence in the international market.\n\nThe bank’s total assets also saw a significant increase, reaching 32.5 trillion yuan (approximately $5 trillion USD) as of June 30, 2021. This marks a 5.4% increase from the end of 2020. Its total deposits also grew by 6.5%, reaching 24.6 trillion yuan (approximately $3.8 trillion USD). These figures demonstrate the bank’s strong financial position and its ability to weather the challenges posed by the COVID-19 pandemic.\n\nOne of the key drivers of China Construction Bank’s success is its commitment to digital transformation. The bank has been investing heavily in technology, with a focus on developing innovative products and services to meet the changing needs of its customers. This has resulted in a significant increase in the number of digital users, with online banking users reaching 200 million and mobile banking users reaching 300 million.\n\nIn addition to its domestic market, China Construction Bank has also been expanding its presence in the international market. The bank has established branches in 29 countries and regions, with a total of 1,726 overseas institutions. This has allowed the bank to tap into new markets and diversify its revenue streams, contributing to its overall growth.\n\n The challenges posed by the pandemic, China Construction Bank remains optimistic about its future prospects. The bank’s Chairman, Tian Guoli, stated that the bank will continue to focus on digital transformation and international expansion, while also supporting the country’s economic recovery. He also emphasized the bank’s commitment to responsible and sustainable development.\n\n China Construction Bank Corporation (9626.HK) has reported a strong performance in the first half of 2021, with increases in net profit, total assets, and deposits.