Approval of proposal by China Construction Bank

The following press release was published by the Board of Governors of the Federal Reserve System on Dec. 8, 2008. It is reproduced in full below.

The Federal Reserve Board on Monday approved the application by China Construction Bank Corporation, Beijing, People's Republic of China, to establish a branch in New York, New York.

Attached is the Board's Order relating to this action.

Source: Board of Governors of the Federal Reserve System