Report
Iris Tan
EUR 101.80 For Business Accounts Only

CCB has an industry-leading capital position, high provisioning, and strong corporate customer mix.

Narrow-moat CCB’s first-half results posted a resilient fee income growth and recovery in net interest income growth. The faster-than-peer growth indicated the bank’s prudent operations and strong deposit franchise, reaffirming our long-term thesis that large banks like CCB are the biggest beneficiaries of current financial deleveraging and rising interest rates. We expect the bank will continue to reap such benefits in coming quarters. The 7.6% net interest income growth was attributable to a 1...
Underlying
China Construction Bank Corporation Class H

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Iris Tan

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