China Construction Bank (London) Ltd, established in March 2009, can be traced back to CCB London Representative Office, CCB’s first overseas office, established in November 1991. CCB London will leverage London’s advantage of being the world’s primary financial center, especially the money market, the foreign exchange market, capital market, derivatives market and commodity market, and fully utilize the city’s advantage in product, service, talents, information, law, as well as regulatory framework. At the starting stage, CCB London, focusing on customer requirements, will endeavor to develop core business in the areas of Sterling Pound clearing, international settlement, trade finance and related derivatives business, so as to serve the economic and trade flow between UK and China, as well as the needs from the going-overseas Chinese enterprises.

Featured Business and Products

Sterling Pound Clearing: CCB London will actively build its Sterling Pound clearing capacity, aiming at providing fast and efficient clearing service and becoming the Sterling Pound center of CCB group.

International Settlement and Trade Finance: CCB London’s target customers are UK companies that have investment in or trade relationship with China, and Chinese enterprises that have investment in UK. Other than traditional products and services such as refinancing, syndication loan, forfaiting, export negotiation, packing loan, import letter of credit, trust receipt loan, factoring, CCB London will explore opportunities in structured trade finance business, as well as Financial Institution business as asset purchasing & selling and risk participation. 

Financial Derivatives: CCB London will develop the advantages of its services on derivatives (forward, swap, future and option relating to FX and interest, and their structured products), as well as time-zone and human resource. CCB London will enhance the financial markets capacity of CCB group. At the early stage, CCB London will focus on providing CCB customers with FX, gold trading products and hedging derivatives. It will also take efforts to provide products and structured products for customers to enhance the assets & liability management and support the research and development on structured RMB derivatives. 

Commodity Trade Finance Business: Based on customer requirements, CCB London will build up capacity in commodity trade finance and related hedging transactions. London as a major commodities future market is privileged with talents and human resources. In addition, China as a major global importer also has huge demand on commodity products and services. Therefore, the business in CCB London has big potential and broad market prospects.

CCBL Pillar 3 Disclosures Report 2009

CCBL Pillar 3 Disclosures Report 2010

CCBL Pillar 3 Disclosures Report 2013