China Construction Bank Corporation (stock code: 939) was awarded as Equity Deal of the Year for 2005 by International Financing Review Asia (IFR Asia) at its awards ceremony on Feb. 7 2006.

IFR Asia is one of the most prestigious magazines in the regional capital market and provides latest news and trends of securities, bonds, stock market and finance. This magazine notes that CCB’s IPO has a significant meaning and has thoroughly changed the finance image of China.

CCB is the first of the big four state-owned commercial banks to get listed in the overseas market, and enjoys the world's largest IPO in five years, the largest ever from Asia ex-Japan and the largest among China’s enterprises. 

IFR Asia pointed out, Chairman Guo Shuqing and other senior management’s excellent performance and government support have played a key role in pushing forward the successful IPO of CCB. In addition, book coordinators, book runners and joint sponsors also made lots of contributions to this success.

This magazine also stressed the important significance of CCB’s IPO to China’s financial sector: CCB’s successful IPO promotes China’s reform in finance, and has laid a solid foundation for at least 2 banks of China’s big four to get listed overseas.

CCB’s achievements have received praises from the international capital market. Earlier, CCB has won 5 major awards from Finance Asia: “Deal of the Year”, “Best Equity Deal”, “Best IPO”, “Best Privatisation”, and “Best China Deal”; and “Best Domestic Bank” in China by The Asset for 2005 and 4 Triple A Awards including IPO “Best Issuer of 2005”, “Best Deal of 2005”, “Best Equity of 2005” and “Best IPO of 2005”.

CCB’s speaker said,” CCB’s successful IPO in 2005 cannot be isolated from the improvement of corporate governance, risk management mechanism, introduction of advanced management model and joining of strategic investors. It is a great honor for us to receive all those recognitions from so many international authoritative financial magazines.”