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China Construction Bank’s ordinary shares trade under two codes: 601939 on the Shanghai Stock Exchange (A shares, traded in RMB) and 00939 on the Hong Kong Stock Exchange (H shares, traded in Hong Kong dollars). Hong Kong market displays often shorten 00939 to 939. These are two listed share classes of the same issuer, not two different banks. There is no universally better code: the practical choice depends on which market your broker supports and on your costs, currency needs, tax circumstances, and investment goals.
| Name | Best for | Key spec | Platforms | Checked |
|---|---|---|---|---|
| China Construction Bank A shares — 601939 | Investors who are eligible to trade Shanghai-listed shares and prefer to transact in RMB | Ordinary shares; Shanghai ticker 601939; traded in RMB | Shanghai Stock Exchange | Nov 2026 |
| China Construction Bank H shares — 00939 (often shown as 939) | Investors who are eligible to trade Hong Kong-listed shares and prefer to transact in Hong Kong dollars | Ordinary shares; Hong Kong ticker 00939; traded in HKD | Hong Kong Stock Exchange | Nov 2026 |
Are 601939 and 00939 shares in the same company?
Yes. Both codes identify ordinary shares issued by China Construction Bank Corporation (CCB), but they refer to listings in different markets and to different share classes. CCB’s 2025 annual report and its 2026 shareholder circular identify the A shares with Shanghai and the H shares with Hong Kong.
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In practice, searching for “CCB” alone may not be enough to identify the security you intend to trade. Confirm the full company name, share class, exchange, and code in your broker’s order ticket. The code is not a recommendation, and a shared issuer does not make the two listings interchangeable in every account or transaction.
If a search page shows 601939 and 00939 side by side, read each result as a separate exchange listing rather than as duplicate codes for one orderable instrument. The issuer is the same, but each listing has its own market, trading currency, and broker-access question. Check the details on the order screen, not only a watchlist label or search result.
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What is the difference between CCB’s A shares and H shares?
The confirmed differences relevant to an investor choosing a ticker are the listing venue, share-class designation, code, and trading currency. The issuer’s 2026 circular defines an A share as a domestic listed share with a par value of RMB1, listed on the Shanghai Stock Exchange and traded in RMB. It defines an H share as an overseas-listed foreign share with a par value of RMB1, listed on the Hong Kong Stock Exchange and traded in Hong Kong dollars.
| Security | Code | Exchange | Trading currency |
|---|---|---|---|
| Ordinary A shares | 601939 | Shanghai Stock Exchange | RMB |
| Ordinary H shares | 00939, commonly shortened to 939 | Hong Kong Stock Exchange | Hong Kong dollars |
| Domestic preference shares | 360030 | Shanghai Stock Exchange | RMB |
The venue, codes, and currency details are reported in CCB’s annual report and shareholder circular; the Shanghai listing is also shown in the Shanghai Stock Exchange company profile.
Those facts do not establish that one class is cheaper, more liquid, more accessible, or a better investment today. Such conclusions require current market data and, for suitability, the investor’s own circumstances. The currency in which a share trades also does not by itself establish the investor’s ultimate currency exposure or returns.
For a practical comparison, separate what the listing facts tell you from what must be checked for your own account. The code and exchange identify which security you are looking at; they do not tell you what your broker will charge, whether your account is eligible, or the tax outcome of a transaction. Likewise, the trading currency tells you the currency used for the quoted listing, not necessarily the currency in which you earn, save, or measure returns.
What is CCB’s 360030 ticker?
Code 360030 identifies CCB’s domestic preference share, not its ordinary A shares or H shares. An investor looking for ordinary CCB stock should not treat 360030 as another ticker for 601939 or 00939.
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Preference shares are a distinct security type. CCB’s annual report and circular identify 360030 as a preference share, but do not provide enough detail here to compare its terms, income, voting rights, risks, or suitability with CCB’s ordinary shares. Do not infer those features from the code or from the fact that it is listed in Shanghai. Check the security’s official documents and your broker’s instrument description before placing an order if 360030 appears in a search.
This distinction matters when entering an order: a search for the company name can return more than one instrument. If your intention is to buy ordinary stock, make sure the result is labeled as ordinary A shares or ordinary H shares and that the code corresponds to the intended exchange. The preference-share code is not a third ordinary-share option.
Which CCB share class should an investor choose?
Start with market access, then compare the total cost and practical consequences of trading each eligible listing. The issuer’s listing disclosures establish where the securities trade; they do not say which one is appropriate for a particular investor.
- Check which exchange your account can access. Confirm that your broker permits your account and jurisdiction to trade Shanghai-listed A shares, Hong Kong-listed H shares, or both. Do not assume that a broker offering one CCB listing offers the other. If access is unclear, ask about the specific exchange, security code, and your account’s eligibility before funding or submitting an order.
- Compare the full transaction and custody costs. Ask the broker about commissions, exchange or service charges, custody fees, and any other charges that apply to the specific market and account. Fees and eligibility are provider- and investor-specific, so verify them directly rather than inferring them from the ticker. Compare costs on the same intended order size and holding period where possible; a headline commission alone may not represent the full cost.
- Work out the currency path. A-share trades are denominated in RMB; H-share trades are denominated in Hong Kong dollars. If your account is funded in another currency, ask whether conversion is needed, how it is handled, and what charges or exchange-rate effects may apply. Trading currency is one input to a decision, not a complete measure of currency risk. Check whether your broker converts automatically or requires you to hold the trading currency, rather than assuming the account will handle it in a particular way.
- Check the tax treatment that applies to you. Tax rules can depend on your residence, account type, and the transaction or income involved. The issuer’s listing materials do not settle your personal tax treatment; consult the relevant tax authority or a qualified adviser for your situation. Do not assume that choosing a different trading currency or venue changes your tax obligations.
- Compare current market information for the exact listing. If considering price or liquidity, compare contemporaneous data for 601939 and 00939, using the correct currencies and a clearly stated method. A ticker comparison alone cannot show whether one is relatively attractive, and the issuer documents cited here do not provide live prices or a valuation spread. Any comparison should make clear how prices were converted into a common currency and what date and time the quotes represent.
- Confirm the order details before submitting. Check the company name, code, exchange, share class, currency, and order size shown on the final order screen. This is especially important when search results include the preference-share code 360030 or when a Hong Kong display shortens 00939 to 939. If any detail differs from your intention, stop and verify the instrument with the broker.
If only one listing is available to you, access may determine the practical choice, but it does not prove that the security is suitable. If both are accessible, compare the costs and constraints that apply to your account rather than choosing by code familiarity or assuming that the two share classes have identical trading conditions.
There is no single answer based only on nationality, familiarity with a market, or the presence of a ticker in an app. A useful decision sequence is to rule out listings your account cannot trade, understand the complete cost and currency route for the remaining option or options, then assess any price or tax question using information specific to your circumstances. If a factor cannot be verified, do not substitute an assumption about one class for a confirmed fact about the other.
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Does the 2025 share issuance show which listing is better?
No. CCB reported RMB261,600 million in total ordinary share capital as at 31 December 2025. It also reported that 11,589 million ordinary A shares were issued to specific investors during 2025 for gross proceeds of RMB105,000 million. These are historical company-reported capital and issuance figures, not current market capitalization, a current share price, or evidence that A shares are a better choice.
The figures provide context about the company’s reported share capital and a particular A-share issuance, but they do not answer an investor’s price, access, cost, or suitability questions. For those, use current official disclosures, market information, and the terms that apply to your own brokerage account. The figures appear in CCB’s 2025 annual report.
The date attached to the capital figure is important: it describes ordinary share capital as at 31 December 2025. The issuance figure describes shares issued during 2025 and the gross proceeds reported for that issuance. Neither number should be confused with a present-day price quote, market value, or a comparison between the A- and H-share prices. Treat these as company-reported historical figures, not as a signal about which ticker to select.
What does the share par value tell investors?
The circular states a par value of RMB1 for each share in its definitions of A shares and H shares. Par value is a term in the issuer’s share description; it is not the live trading price and cannot tell an investor whether either listing is cheap or expensive.
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One free scan finds every outdated or missing driver and matches the right update for your exact hardware.Free scan · exact hardware matchDo not use the RMB1 par value as a target price, a measure of market value, or a way to compare the two listings. A meaningful price comparison would need current prices for both securities, conversion into a common currency, and an explicit comparison method. None is supplied by the listing definitions alone.
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For example, a quote in RMB and a quote in Hong Kong dollars cannot be compared as if they were in the same unit. Even after currency conversion, a price-only comparison would not by itself establish that one class offers better value. The comparison would need current, time-matched quotes and a defined method, while any conclusion about suitability would still depend on the investor’s own costs, access, tax situation, and objectives.
Independent reader supportYour contribution helps us test, update, and keep practical guides available for everyone.What should investors verify before acting?
Listing details can be checked against the issuer and exchange materials, while account access, fees, and personal tax consequences require separate verification. Before placing an order:
- Match the intended ordinary share class to 601939 (Shanghai A shares) or 00939/939 (Hong Kong H shares).
- Make sure the exchange shown by the broker matches the security you mean to buy.
- Check whether the quote and order are in RMB or Hong Kong dollars, and how your account handles funding and conversion.
- Read the broker’s applicable market-access, commission, custody, and other fee terms.
- Confirm the security is an ordinary share, not CCB’s domestic preference share, code 360030.
- Use up-to-date company and exchange disclosures for any decision that depends on current listing status or company information.
CCB’s 2026 circular and annual report support the listing distinctions described here. The Shanghai Stock Exchange profile is a direct exchange reference for 601939. These sources do not provide live prices, a current valuation comparison, individual broker availability or fees, or personal investment or tax advice.
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1Fix the driver behind crashes, sound loss and screen glitches2Clear out junk files and repair common Windows errors3Scan for outdated or missing drivers - takes under a minuteA final check should match the instrument displayed in the broker’s confirmation to the order you intended: issuer, ordinary or preference class, exchange, code, and currency. Keep separate any issue that depends on current information, such as a quote or listing status, from account-specific matters such as access, fee schedules, conversion procedures, and tax treatment. Those details need current confirmation from the relevant exchange, broker, tax authority, or professional adviser.
Frequently Asked Questions
Can I buy both CCB A shares and H shares?
That depends on whether your broker and account are eligible for both the Shanghai and Hong Kong markets. If both are available, compare the costs and account terms for each listing before deciding whether holding both fits your plan.
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Is CCB 00939 an ADR?
The cited issuer materials describe 00939 as CCB’s H-share listing on the Hong Kong Stock Exchange, traded in Hong Kong dollars. They do not identify it as an American depositary receipt.
Does RMB1 par value mean CCB stock should cost RMB1?
No. Par value is not the current exchange price. A live quote must be checked separately for the specific listing and currency.
Why does my broker show 939 instead of 00939?
Hong Kong market displays commonly omit the leading zero when showing CCB’s H-share code. Check the full company name and exchange as well as the displayed code to confirm the instrument.
Is 360030 another ticker for CCB ordinary shares?
No. Code 360030 identifies CCB’s domestic preference share. It is distinct from the ordinary A-share code 601939 and H-share code 00939/939.
Which listing is cheaper, 601939 or 00939?
The listing codes and issuer descriptions do not establish which is cheaper. A current comparison would need time-matched prices for both listings, conversion into a common currency, and a clearly stated method.
Are CCB A shares traded in Hong Kong dollars?
No. CCB’s A shares trade on the Shanghai Stock Exchange in RMB. Its H shares trade on the Hong Kong Stock Exchange in Hong Kong dollars.
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