China Construction Bank

…important financial institutions include the China Construction Bank (formerly People’s Construction Bank of China), responsible for capitalizing a portion of overall investment and for providing capital funds for certain industrial and construction enterprises; the Industrial and Commercial Bank of China, which conducts ordinary commercial transactions and acts as a savings…

…PBC (1996–98), president of the China Construction Bank (1998–2000), and then chairman of the China Securities Regulatory Commission (CSRC; 2000–02). He distinguished himself during the Asian financial crisis of the late 1990s by helping keep China’s currency, the renminbi (yuan), stable without seriously affecting China’s increasingly important export trade. Then,…