China Construction Bank detailed its development strategy known as CCB 2020 on Thursday. The bank says the strategy will help make it thrive amid China's ongoing economic slowdown.

China’s easing economy has the banking sector feeling the pinch.

One of the country’s top lenders, China Construction Bank, has rolled out its response to the economic soft patches ---- CCB 2020. The bank's chairman says the strategy was first started in 2012 and consist of five aspects.

"The China Construction Bank must develop comprehensive services, lean-structured, and multi-functioned. We aim to build the most innovative banking group by more use of digital applications," said Wang Hongzhang, China Construction Bank chairman.

In addition to the reform measures, the bank has also stepped up its efforts to serve China's development, risk control, and international businesses.

Wang said the bank has set goals for developing internal talent, mergers and acquisitions, and improving its overseas operations.

"Our overseas assets stood at 1.34 trillion yuan, 41 percent more from 2014. Through mergers and acquisitions, bond issuances, and export credit services, we have supported 500 major projects of Chinese enterprises going out," said Wang Zuji, China Construction Bank president.

CCB's mid-year financial report said its profits reached 134 billion yuan, up 1.25 percent from one year ago. The growth was the second fastest among China's four biggest banks.