China Construction Bank is one of the country's Big Four state-owned banks. Founded in the 1950s to spur Chinese infrastructure projects, it grew to be the top mortgage and real estate lender until ICBC climbed ahead last year.
It ranks as China's No. 2 bank with a market value of $200 billion. Shares rocketed up by 54% this year as it lent record sums for China's $585 billion stimulus package.
But massive outflows may slow down. China Construction said it would cut loans by 70% to $30 billion for the second half of 2009 after the government reigned in lending amid fears
of asset bubbles.
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