CCB cautious on overseas expansion

14:20, April 07, 2010      

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China Construction Bank, the country's second largest lender by market value, is expanding its overseas presence in a steady and prudent way into regional financial hubs, the China Daily reported Wednesday.

The English-language newspaper cited CCB vice president Fan Yifei as saying that the bank is planning to expand its global operation into economies that have close trade and investment ties with China.

The lender plans to set up branches in Canada, Taiwan and Brazil over the next two years once completing the feasibility review and winning regulatory approval, according to the report.

Source: Xinhua

(Editor:祁澍文)

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