Constructing a reputation

China Construction Bank (Asia) is enhancing its retail offerings in Hong Kong ahead of a planned expansion into mainland China. But the distributor is delaying sales of accumulators to high-net-worth and private banking clients for fear of reputational damage. Richard Jory reports

brian-chan
Brian Chan

China Construction Bank (Asia) Corporation (CCB) is intent on expanding its structured product offering to the retail sector while enhancing its products for high-net-worth (HNW) and private banking investors. The bank has already provided simple, equity-linked structured products in private placement form to its wealth management clients in Hong Kong through its 40 branches, issuing 317 notes between May 2009 and February 2010 in sizes ranging from HK$1 million to HK$30 million. “We expected

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