28 - China Construction Bank

A Chinese clerk counts RMB (renminbi) yuan banknotes at a branch of CCB (China Construction Bank) in Nantong city, east China's Jiangsu province, 31 December 2016. China's big four state-owned banks quietly slashed roughly 19,000 jobs last year (2016), as mobile phones and automated services cut the need for tellers. Just a few years ago the four lenders – Industrial and Commercial Bank of China, China Construction Bank, Agricultural Bank of China and Bank of China – were seen as ''gold rice bowl'' employers for their job stability and decent pay, but slowing economic growth and competition from emerging technology have made many jobs redundant. Although the 18,824 positions shed last year accounted for just 1.14 per cent of the Big Four's total payroll, more were likely to come, analysts said. Xu jingbai—Imaginechina/AP

Key Metrics & Financials (Last Fiscal Year)

Revenues ($M)$135093
Revenue Percent Change-8.7%
Profits ($M)$34,840.9
Assets ($M)$3016578
Profits Percent Change-4.0%
Previous Rank22
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Company Facts

IndustryBanks: Commercial and Savings
CEOWang Hongzhang
HQ LocationBeijing, China
Years on Global 500 List18

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