For six consecutive years, the Shandong branch of China Construction Bank (CCB) has maintained top-tier asset quality within the industry, according to Wen Zhijun, member of the Shandong Provincial Committee of the Chinese People's Political Consultative Conference and president of CCB's Shandong branch.

In 2024, CCB's Shandong branch achieved a dual milestone, with both deposits and loans surpassing 1 trillion yuan ($137.55 billion). The bank has provided premium financial services in five key areas to support Shandong's high-quality economic and social development, Wen said.

Supporting major national strategies

Wen highlighted that CCB's Shandong branch has actively supported critical national initiatives. For instance, in the nine cities along the Yellow River, it issues new corporate loans accounting for over 50 percent of the total. Over the next five years, the bank plans to allocate 80 billion yuan in credit to strengthen the marine economy.  

Promoting real economy  

To bolster the real economy, the bank partnered with the Department of Industry and Information Technology of Shandong Province to launch customized financing solutions to develop the industry value chain. Furthermore, CCB Shandong has provided comprehensive financial services to over 21,000 tech enterprises within the province.

Advancing high-level opening-up

For seven consecutive years, the bank has co-hosted the Shandong Cross-Border E-Commerce Ecosystem Conference. To date, the bank has extended over 200 billion yuan in credit to nearly 3,000 foreign trade enterprises across Shandong.

Boosting domestic consumption

In alignment with Shandong's campaign to enhance consumption, the bank has utilized consumer loans, credit cards, and its CCB Life app to bolster consumer confidence. In 2024, through the CCB Life app, it injected 1.89 billion yuan in consumer subsidies.

Supporting private sector growth

CCB's Shandong branch has explored a model integrating the supply chain, industry value chain, and finance, with private enterprise loan balances growing by over 20 percent. The bank also offers credit to 25,800 firms on a priority list.

Innovative financial solutions

The bank has introduced Shandong's first-ever stock repurchase and equity increase loans, supporting capital market development. It has also spearheaded financing for affordable housing projects.