CCB targets Europe for M&As

European regulators need to open their doors, however.

China Construction Bank chairman Wang Hongzhang said that if CCB can find suitable targets and the price is suitable and it gets the regulators 'support, “I think CCB will catch and seize the chance for mergers and acquisitions.” Wang said he had met regulators in Germany and the UK last week for informal talks about whether the bank would be welcome in the both countries.

He said he wanted to expand operations to more European countries. "Whether we can establish more institutions in Europe depends on European countries' regulators, their attitudes towards CCB and whether CCB is welcomed by them or not,” he said.