The company traces its origins back to 1954, when it was established as the People's Construction Bank of China, tasked with managing and allocating government funds earmarked for construction projects and infrastructure initiatives under the national economic plan. In October 2005 and September 2007, the bank was listed successively on the Stock Exchange of Hong Kong and the Shanghai Stock Exchange. Its principal business segments include corporate banking, personal banking, asset management, and other operations, including overseas activities. Corporate honors include: No. 2 in the World Bank's Top 1,000 Companies in 2019; No. 31 on the Fortune Global 500 list in 2019; third place among the Top 50 Best Chinese Brands in 2019; and the China Comprehensive Risk Management Achievement Award, among others. The bank has also received numerous accolades from China Securities Journal, Shanghai Securities News, and Securities Times. It has advanced the development of model‑risk IT systems, and its self‑developed enterprise‑level model management platform has been recognized with multiple awards. As of the end of June, the Group operated a total of 14,599 branches, including 14,066 domestic outlets—comprising the Head Office, two branch‑level specialized institutions, 37 first‑tier branches, 363 second‑tier branches, 13,618 sub‑branches, and 11 outlets below the sub‑branch level—and 34 overseas branches. Additionally, the bank's 23 major subsidiaries (17 integrated‑operation subsidiaries and 6 overseas banks) maintained 533 branches, of which 408 were located in China and 125 abroad.
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Accepting public deposits; granting short-, medium-, and long-term loans; handling domestic and international settlements; undertaking acceptance and discounting of bills; issuing financial bonds; acting as agent for the issuance, redemption, and underwriting of government bonds; buying and selling government bonds and financial bonds; engaging in interbank lending; trading and acting as agent for foreign exchange transactions; conducting bank card business; providing letter-of-credit services and guarantees; acting as agent for collection and payment services and insurance business; offering safe-deposit box services; and conducting other businesses approved by the banking regulatory authorities of the State Council and other supervisory bodies.