1. Friday May 25, 2018
      Home > News > Economy
      Text:| Print|

      CCB eyeing overseas acquisition

      2012-09-18 09:01 Global Times     Web Editor: qindexing comment

      China Construction Bank (CCB), China's second largest bank by assets, plans to spend up to 100 billion yuan ($15.84 billion) purchasing a stake in a foreign peer, the Financial Times (FT) reported Sunday, the latest sign of domestic retail banks' ongoing efforts to forge inroads overseas.

      Wang Hongzhang, CCB's chairman, said the State-owned bank hopes to purchase an overseas bank outright, although it would be willing to accept a 30 to 50 percent position in a larger European institution if a complete buyout was not feasible, according to the FT. Wang did not reveal any potential targets or a timetable for a deal, however he did say that banks in the UK, Germany and France were the most attractive, the FT reported.

      If CCB spends all of the 100 billion yuan in capital it has set aside for an overseas purchase, the deal would become the largest of its kind, shattering the $5.5 billion record held by Industrial and Commercial Bank of China (ICBC) for its purchase of a 20 percent stake in South Africa's Standard Bank in 2007.

      CCB's ambitious goal can partly be interpreted as a response to the accelerating pace of overseas expansion seen recently among its domestic rivals, Wu Hong, deputy dean of the School of Economics and Law at China University of Political Science and Law, told the Global Times.

      In July, ICBC completed the purchase of an 80 percent stake in the Bank of East Asia (BEA), marking the first time a Chinese bank became a majority shareholder in a US-based counterpart. Prior to this, in May, Bank of China (BOC) and Agricultural Bank of China (ABC) were both granted permission by the US Federal Reserve to create new branches in the US, the latter of which opened up a new branch in the country in August, according to local media reports.

      "Compared to ICBC and BOC, CCB has lagged behind in overseas development," Wu said, who noted that ICBC and BOC have established a presence to over 30 countries and regions respectively, while CCB has only established nine branches and two offices outside of China.

      Comments (0)

      Copyright ©1999-2011 Chinanews.com. All rights reserved.
      Reproduction in whole or in part without permission is prohibited.

      主站蜘蛛池模板: 一本大道一卡二大卡三卡免费| 亚洲精品乱码久久久久久蜜桃图片| 亚洲欧洲另类春色校园网站| 男性gay黄免费网站| 久久青草国产免费观看| 最新中文字幕电影免费观看| 亚洲综合在线另类色区奇米| 91午夜精品亚洲一区二区三区| 无遮挡呻吟娇喘视频免费播放| 日本免费一区二区三区| 免费大学生国产在线观看p| 婷婷亚洲综合五月天小说| 久久亚洲中文字幕无码| 久久免费观看国产精品| 免费中文字幕不卡视频| 亚洲精品美女在线观看| 一区二区三区免费精品视频| 成人免费AA片在线观看| 伊人久久综在合线亚洲91| 在线观看亚洲AV每日更新无码| 免费无码又爽又刺激高潮软件| 在线免费观看一级片| 亚洲电影一区二区三区| 男性gay黄免费网站| 丁香花免费完整高清观看| 亚洲人成网亚洲欧洲无码久久| 亚洲色大成网站www尤物| 免费人成视频在线观看网站| 亚洲国产精品国产自在在线| 亚洲AV无码无限在线观看不卡| 久久青草免费91观看| 亚洲视频一区二区| 亚洲精品伦理熟女国产一区二区| 日韩免费高清大片在线| 国产成人综合亚洲AV第一页| 亚洲AV成人片无码网站| 国产v精品成人免费视频400条| 亚洲大片在线观看| 丝袜足液精子免费视频| 亚洲а∨天堂久久精品| 亚洲成a人无码亚洲成av无码 |