China Construction Bank Co. Ltd is engaged in commercial banking. Headquartered in Beijing, the bank is the second largest in China and operates 13,551 branches across the country. It ranks first in personal loan transactions, accounting for 30.5% of the market share among the four major commercial banks in China, and is the second largest bank in terms of providing loans for the construction industry, with a 27% market share. In addition, it is the largest bank in terms of providing housing loans to individuals, accounting for 21.7% of market share, and it is the only commercial bank which holds the qualifications to evaluate the cost of construction projects. With the fastest growing net income from handling and commission fees, China Construction Bank's annual growth rate averaged 44.8% from 2004 to 2006.