(22 November 2012 – China) China Construction Bank (CCB) is looking at a combination of branch network expansion, as well as mergers and acquisitions (M&A) abroad.CCB president, Zhang Jianguo said the network expansion would occur in the United States, Europe and Asia Pacific.
The bank’s M&A strategy will focus on emerging markets where many Chinese companies are going to do business, Zhang said.
He also said the starting point for the bank’s overseas expansion would be to follow its clients.
CCB, which is the mainland’s top property lender and one of the big four state-owned banks, has a robust capital base that gives it more room to make large investments.
Analysts believe CCB has enough cash to invest from US$8 billion (A$8.24 billion) to US$24 billion on overseas ventures.