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Prosper with Prudence Expand With Annual 2015 年報 Reportp 2015 卓越穩健卓 越 穩 健 ProsperP withihP Prudence d 拓展創新 Expand with Innovations 年報 Annual Report 2015 此年度報告以環保紙張印製。 This annual report is printed on environmentally friendly paper. Vision To become a first-class medium to large bank in Hong Kong Mission • Provide better service to our customers • Create higher value to our shareholders • Build up broader career path for our associates • Assume full responsibilities as a corporate citizen Core Values • Integrity • Impartiality • Prudence • Creation 28/F, CCB Tower, 3 Connaught Road Central, Central, Hong Kong Tel: 3918 6939 www.asia.ccb.com Contents 02 About Us 03 About CCB 04 Our History 06 To Customers and Shareholders 07 Board of Directors and Executive Management 15 Subsidiary, Joint Venture and Associated Companies 16 Corporate Social Responsibility 18 Awards and Honors 20 Report of the Directors 24 Business Review 28 Independent Auditor’s Report 30 Consolidated Statement of Comprehensive Income 31 Consolidated Statement of Financial Position 32 Consolidated Statement of Changes in Equity 34 Consolidated Statement of Cash Flows 35 Notes to the Consolidated Financial Statements 135 Unaudited Supplementary Financial Information 165 Service Network This annual report is printed on environmentally friendly paper. About Us CHINA CONSTRUCTION BANK (ASIA) China Construction Bank (Asia) Corporation Limited “CCB (Asia)” is the retail and commercial business platform of China Construction Bank Corporation “CCB” in Hong Kong, offering a wide array of banking products and services to customers, including consumer banking services, commercial banking services, corporate banking services, private banking services and cross-border financial services, etc. For consumer banking, in addition to providing conventional transactional, foreign exchange and cash services, CCB (Asia) also offers deposits, loans (including personal loans, credit cards loan, residential mortgages and auto-financing), securities agency and investments, consolidated banking, insurance, RMB services, credit card, electronic banking services and safe deposit boxes services. For commercial banking, CCB (Asia) provides a range of financial products and services to corporations, securities firms and small and medium sized enterprises, including bilateral commercial loans, syndicated loans, SME loans, trade finance, residential and commercial mortgages, FX products, machinery and equipment leasing, stockbroker financing as well as electronic banking, corporate wealth management, cash management and deposit services. CCB (Asia) also capitalizes on the extensive branch network of CCB to create synergistic businesses such as RMB cross-border collaboration services including SBLC loans, LC discount, RMB deposit, remittance and foreign exchange. For corporate banking, CCB (Asia) provides bilateral loans, syndicated loans, club deals and trade finance to blue- chip companies and large local corporations. Besides, CCB (Asia) also offers comprehensive financing solutions to large state-owned enterprises and Chinese conglomerates, including the provision of credit enhancement service in supporting domestic companies in Mainland China to issue its offshore corporate bond. Fully supported by CCB, CCB (Asia) launches synergistic businesses such as entrusted payment, export account receivable risk participation, discount against draft avalization and more. Other business developments of corporate banking include the aircraft finance business and the emerging business in the Shenzhen Qianhai Financial District and the Shanghai Pilot Free Trade Zone. In addition, CCB (Asia)’s treasury business includes inter-bank money market transactions and investment in debt instruments. The bank also trades in debt instruments, derivatives and foreign currency for its own account. The Treasury carries out customer driven derivatives, such as foreign currency transactions. 02 China Construction Bank (Asia) Corporation Limited • Annual Report 2015 About CCB CHINA CONSTRUCTION BANK Founded in 1954 and headquartered in Beijing, CCB is a leading commercial bank in China renowned globally. Adhering to the development strategy of “integration, multi-function, intensiveness, innovative banking and smart banking”, CCB is committed to serving the real economy and strengthening comprehensive risk management. CCB has achieved consistent and balanced development in scale, quality and effectiveness, with key financial indicators and market value in the leading position among peers. As at the end of 2015, CCB’s total assets stood at RMB18.35 trillion. Net profit amounted to RMB228,900 million and key financial indicators including ROA, ROE and capital adequacy ratio took the lead in the global banking sector. As an integrated banking group, CCB has established subsidiaries in non-banking business fields like investment banking, mutual funds, trusts, leasing, insurance, futures and pension. With over 14,000 branches and sub-branches in Mainland China, CCB provides services to over 3 million corporate clients and 300 million individual customers. It has well-established close cooperative relationships with a large number of high-end customers and outperforming companies from industries which are strategically important to China’s economy. As of the end of 2015, the bank has established over 130 outlets overseas including 27 tier one organizations, covering 25 countries and regions. The overseas network includes 18 branches in Hong Kong, Singapore, Frankfurt, Johannesburg, Tokyo, Seoul, New York, Ho Chi Minh City, Sydney, Taipei, Luxembourg, Macau, Toronto, London, Paris, Barcelona, Amsterdam, Milan and Zurich, and seven wholly- owned subsidiaries including CCB (Asia), CCB London, CCB Russia, CCB Dubai, CCB Europe, CCB New Zealand and CCB International. The bank was listed on the Stock Exchange of Hong Kong Limited (Stock Code: 939) in October 2005 and the Shanghai Stock Exchange (SSE Code: 601939) in September 2007. China Construction Bank (Asia) Corporation Limited • Annual Report 2015 03 Our Historyy 1912 1936 1945 CCB (Asia) originated from The The bank’s business was World War II ended and Hong Bank of Canton which was suspended due to the Great Kong was liberated. Former staff established in Hong Kong in Depression. Through re- rebuilt The Bank of Canton and 1912 by Chinese businessmen, capitalization by the prominent its banking business was quickly including Li Yuk Tong and Look Huo and Soong families, the back on track. It soon became the Pong Shan from San Francisco bank finally resumed business on largest Chinese-owned remittance in the United States. It was the November 23 and was chaired by and foreign exchange bank in first locally incorporated bank Soong Tse Ven. Hong Kong in the post-war era. owned by Chinese people. Led by the chairman and chief manager Look Pong Shan, the bank was The bank expanded its business headquartered at 6 Des Voeux to Macau by setting up a Road Central, Hong Kong, which subsidiary named Kuong Tung is now the flagship branch of Ngan Hong, which was the CCB (Asia). first Chinese-owned financial institution registered in Macau. Celebration of the 35th Anniversary of The Bank of Canton (1947) 1966 Shanghai Fire & Marine Insurance The Bank of Canton resumed its business through Co. Ltd. became a subsidiary re-capitalization by the Soong and Huo families in 1936, chaired by Soong Tse Ven (fourth from right) of The Bank of Canton and was renamed Hongkong & Shanghai The Bank of Canton’s head office was located Insurance Company Limited. at 6 Des Voeux Road Central Later, QBE Insurance Group in Australia became a shareholder of 1941 Hongkong & Shanghai Insurance Company Limited and renamed Hong Kong was occupied by it QBE Hongkong & Shanghai Japan in World War II. The bank’s Insurance Limited, which is an business was suspended again. associated company of CCB (Asia) today. 04 China Construction Bank (Asia) Corporation Limited • Annual Report 2015 Our Historyy 1984 2006 2013 Security Pacific National Bank China Construction Bank acquired Business integration of CCB Hong acquired a 100% interest in The a 100% interest in Bank of Kong Branch and CCB (Asia). Bank of Canton and renamed it America (Asia) from Bank of Security Pacific Asian Bank in America and renamed it China 1988. Construction Bank (Asia). CCB Hong Kong Business Integration Ceremony (2013) The inauguration of CCB (Asia) (2007) The three buildings of CCB in Hong Kong were officially inaugurated. CCB Tower is the The inauguration of Security Pacific Asian Bank head office of CCB (Asia), located 2009 at Central; CCB Centre is the mid- Acquired AIG Finance (Hong to-back office of CCB’s entities in Kong) and renamed it China Hong Kong, situated in Kowloon Construction Bank (Asia) Finance, Bay; CCB Hong Kong Training 1992 CCB (Asia) has become one of Centre is CCB’s first offshore Security Pacific Corporation the largest credit card issuing training site, located at Sai Wan. merged with Bank of America institutions in Hong Kong. Corporation. Security Pacific Asian Bank became a wholly-owned subsidiary of Bank of America Corporation and was renamed Bank of America (Asia) in 1993. Signing ceremony of the acquisition of AIG Finance (Hong Kong) (2009) (From left to right) CCB Centre, CCB Tower & CCB Hong Kong Training Centre China Construction Bank (Asia) Corporation Limited • Annual Report 2015 05 To Customers and Shareholderss We are delighted to announce that the consolidated net profit after tax for China Construction Bank (Asia) Corporation Limited [“CCB
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