CCB Wins the 2006 Contribution Award of Poverty Alleviation China Tour Issued by China Foundation for Poverty Alleviation

On January 10, 2007, China Construction Bank (CCB) won 2006 Contribution Award of Poverty Alleviation China Tour, the highest award issued by China Foundation for Poverty Alleviation (CFPA). In the 2006 Donation Award Conference and Forum of Poverty Alleviation China Tour, Gu Xiulian, Vice Chairperson of the NPC Standing Committee and Chairperson of All-China Federation of Women awarded the Tablet of Honor to Zhu Xiaohuang, Chief Risk Officer of CCB.

CCB has always paid attention to China’s poverty alleviation undertaking for years and has earnestly supported the development of this undertaking. CCB is particularly interested in the innovation of poverty alleviation projects and offered great support to such projects. In 2006, CCB donated RMB 3 million to CFPA for the publicity of poverty alleviation work. In light of the constant efforts made by CCB in poverty alleviation and the strong social responsibility and strong awareness of being a corporate citizen, CFPA issued the highest award to CCB this year.

CCB also strives to support the development of China’s economy. CCB has never forgotten its social responsibility while striving to be a world-leading commercial bank. Adhering to the concept that “the business comes from the society and therefore should give back to the society when it prospers, care for the national economy and the people's livelihood, and benefit the building of a harmonious society”, CCB has connected the development of the bank with the progress of the society and integrated the social responsibilities into the development strategy of the bank. CCB is dedicated to supporting the social and public welfare undertakings, increasing the public interest, advancing the social progress, and particularly supporting the development of China’s poverty alleviation undertaking. Last October, CFPA issued the Special Contribution Award for the Second China Poverty Elimination Campaign to CCB.

Zhu Xiaohuang said in the forum that there was still a large amount of poor people in China. Poverty alleviation was an arduous and time-consuming undertaking which required not only the guidance and promotion of the government and poverty alleviation funds but also the care and efforts of the businesses and the public.

This award is not only an encouragement but also a spur to us. We will work even harder to perform our social responsibilities and support and participate in the poverty alleviation undertaking as always. We will intensify our financial support to the construction of infrastructure and the development of industries in poor regions based upon our advantages, help more poor families get out of poverty through hard work, knowledge and capitals, and enable more poor people to fulfill their dreams.

The Poverty Alleviation Tour is a large-scale public welfare undertaking carried out by CFPA in October 2005 that aims at attracting the people from all walks of life, especially the rich, to pay attention to poor regions and experience how poor people live and then motivating them to help poor regions and farmers financially and interact and communicate with the poor. The CPC Central Committee and the State Council attached great importance to the event, which also attracted great attention of the public, especially the people who love the pubic welfare undertaking and the poverty alleviation undertaking.

Profile：
China Construction Bank Corporation (CCB), the first bank among China’s domestic commercial banks to take reform and development, took the lead to complete restructuring and reform among China’s four largest state-owned commercial banks. CCB introduced Bank of America and Temasek as its strategic investors and was successfully listed on the Stock Exchange of Hong Kong Limited in 2005. After its restructuring and listing, CCB took many efforts in reform and innovation and scored substantial achievements in such fields as corporate governance, internal structure, risk management, management and business process, products and service development. So far, it has become one of domestic banks with strongest capabilities of comprehensive competitiveness, marketing and promotion, risk management and control, customers relations and profitability, and as a result, it has already received extensive recognition both from domestic and overseas markets. CCB was named by The Banker magazine as the “Bank of the Year” in China in 2005. According to the Hong Kong-based financial journal, Asiaweek, CCB was rated 7th among Top 300 Asian Banks released, and rewarded as the highest net interest income and net profit, and the “most profitable bank in Asia”.  And on September 11 of 2006, CCB, as the first H-share company, formally became one member of Hang Sang index family. And according to 2006 Asian Bank Competitive Rankings jointly announced by 21st Century Business Herald, the Department of Finance of The Chinese University of Hong Kong and the Guanghua School of Management of Beijing University in November 2006, CCB was ranked No.4 in Asia, and No. 1 among China’s domestic banks; and granted the award for the Most Competitive Commercial bank among China’s Domestic Banks.