中国建设银行97亿港元收购美国银行（亚洲）谋求海外业务发展

　　2006年8月24日，中国建设银行股份有限公司（0939.HK）在香港与美国银行签署协议，由建设银行收购美国银行在香港的全资子公司美国银行（亚洲）股份有限公司100％的股权。

　　据悉，本次收购总价为97.1亿港元，相当于美国银行（亚洲）2005年底账面净资产73.8亿港元的约1.32倍，支付方式为现金。收购协议的最终生效尚待境内外监管机构以及建

行股东大会的批准，预计正式交割于今年年底前完成。

　　自2005年美国银行成为建行的战略投资者以来，两家银行建立了致力于长期共同发展的战略合作伙伴关系，并已在个人银行、风险管理、IT、公司治理等多个领域进行了密切合作。

　　“美国银行（亚洲）是香港市场上一家典型的中小型零售银行，主要经营个人和中小企业业务，管理团队富有经验，财务表现良好，与建设银行现有香港业务重合度低，对我们来说是一个非常合适的选择。”建行新任行长张建国对未来的业务前景充满期望， “相信在不久的将来，建行在港业务能够形成以零售银行、批发银行、投资银行和保险等业务为支柱的综合金融服务体系，努力为境内外客户提供更加全面、优质、高效的金融服务。”

　　通过收购美国银行（亚洲），建行在香港的业务规模迅速扩大为原来的两倍，客户贷款从原来的第十六位飙升至第九位。作为直接负责此次并购的建行高层，副行长范一飞显然对投资者最关心的并购后的协同效应成竹在胸，“此次并购可立即对建行的每股盈利带来增溢。今后，建设银行将以目前的美国银行（亚洲）为基础，对在港

　　建行新闻发言人表示：“这是一笔双方均十分满意的交易：对建设银行来说，通过本次交易，可以迅速提高我们为内地及港澳客户服务的能力，符合我们海外业务整体发展战略，亦能大幅提升建设银行在香港的市场份额。对美国银行来说，也是调整其全球及亚太战略的重要步骤。不过，海内外客户是此次交易的最大赢家，因为他们是建行服务能力提升的真正受益者。”

　　近年来，建行经营效益稳步提高，国际业务发展势头良好，各项外汇业务持续快速增长。在建行的海外业务发展战略中，更将在港业务作为带动全行海外业务经营和发展的突破口。同时，建设银行积极顺应银行业发展零售业务的国际潮流，将零售业务作为全行新的战略增长点。因此，此次收购被普遍视为建行全面推进海外业务和零售业务发展的积极信号。

　　背景：美国银行（亚洲）是香港注册的24家持牌银行之一，在香港设有分行14家，澳门设有分行3家。其个人银行业务收入占比约为65%，是香港市场上一家典型的中小型零售银行。截至2005年底总资产为490.7亿港元，净资产为73.8亿港元。在香港当地注册的银行中总资产所占份额约为0.7%，总贷款所占份额约为1.3%。从以往业绩看，美国银行（亚洲）的特点是经营稳健、业务流程成熟、管理团队经验丰富、员工团队素质较高，绩效平稳，资产质量良好。

　　中国建设银行是中国内地银行业改革发展的先行者，2004年建设银行在内地四大国有商业银行中首批完成了股份制改造，2005年引入了美国银行与淡马锡作为战略投资者，并在香港联交所成功上市。重组上市后建行在企业管治建设、内部组织机构设置、完善风险管理体制、管理和业务流程再造、产品和服务开发等方面，进行了一系列卓有成效的改革和创新，已经成为当今内地最具综合竞争能力、市场营销能力、风险控制能力、客户服务能力和盈利能力的银行。建行的改革业绩亦得到了国内外的广泛认可，2005年建设银行荣获《银行家》杂志“中国年度最佳银行奖”。在《亚洲周刊》2006年7月公布的亚洲银行300强排名中，建设银行在“利息收入净值最高的银行”和“纯利最高的银行”两项排名中均列第一位，被誉为“亚洲最赚钱的银行”。

　　China Construction Bank Acquires Bank of America (Asia) for HK$9.7 Billion To Expand Overseas Business

　　August 24， 2006 (Hong Kong) -- China Construction Bank (CCB) (SEHK Code: 0939) has enteredotnian agreement with Bank of America to acquire 100% equity interest of Bank of America (Asia) Limited， the wholly-owned subsidiary of Bank of America in Hong Kong.

　　Payable in cash， the total consideration of the acquisition is HK$9.71 billion， representing approximately 1.32 times of the book net assets of HK$7.38 billion of Bank of America (Asia). The acquisition is subject to the approvals of the Chinese and overseas authorities and CCB shareholders in a general meeting. It is expected that the acquisition will be completed before the end of 2006.

　　CCB and Bank of America have established a long-term strategic partnership since Bank of America became a strategic investor of CCB in 2005， highlighted by close cooperation in a wide array of areas， including personal banking， risk management， information technology and corporate governance.

　　“Bank of America (Asia) is a typical small-to-medium sized retail bank in Hong Kong， providing banking services for individuals and small-to-medium enterprises，” said Mr. Zhang Jianguo， the newly appointed President of China Construction Bank. “Bank of America (Asia) is equipped with an experienced management team and strong financial performance， and the bank shows little overlapping with the Hong Kong business of CCB. Therefore， it is a very appropriate choice of acquisition for us. ”

　　“In the foreseeable future， CCB will be developedotnian integrated financial service provider in Hong Kong， with retail banking， wholesale banking， investment banking and insurance services as its business pillars. We will strive to provide comprehensive， premium and efficient financial services for customers in China and overseas，” added Mr. Zhang.

　　After acquiring Bank of America (Asia)， the business scale of CCB in Hong Kong will be more than doubled. The total amount of customer loans will also jump from the 16th to the 9th highest in the Hong Kong banking industry. Mr. Fan Yifei， Vice President of China Construction Bank and the executive responsible for the deal， assured investors the significant synergies to be created by the acquisition.

　　”The acquisition will immediately enhance the earnings per share of CCB，” said Mr. Fan. “Looking forward， CCB will leverage on the foundation of Bank of America (Asia) to optimize and consolidate its retail banking business in Hong Kong. In the long run， we can make use of the retail platform of Bank of America (Asia) to provide our high-end customers with full-scale personal finance and clearing services， while the small-to-medium enterprise customers of Bank of America (Asia) will be able to enjoy more comprehensive services with CCB. The deal will create tremendous synergies for us to integrate our business in Hong Kong and mainland China in many aspects.”

　　“The deal has created a win-win situation for both parties，” said a spokesman of CCB. “Through this transaction， we can rapidly enhance our service capabilities in mainland China， Hong Kong and Macau. This is in line with our overseas developmental strategy， and can expand our market share in Hong Kong. As for Bank of America， the deal represents an important step for the bank to realign its global and Asia Pacific strategies. Our customers are undoubtedly the largest beneficiary of the deal， as they will be able to enjoy our enhanced services.”

　　CCB has been enhancing its operating efficiencies in recent years， with healthy development in its international presence and rapid growth in its foreign exchange businesses. CCB has selected Hong Kong to be an important foothold of its overseas developmental strategies， with an aim to drive its overseas operations. In addition， CCB is actively coping with the international banking trend to place an intense focus on retail banking for strategic growth. The acquisition of Bank of America (Asia) represents a strong initiative of CCB to expand its overseas presence and retail banking business.

　　Company Background:

　　Bank of America (Asia) is one of the 24 licensed banks in Hong Kong， operating 14 branches in Hong Kong and 3 branches in Macau. As a small-to-medium sized retail bank， Bank of America (Asia) sees approximately 65% of its revenue coming from its personal banking business. As at December 31， 2005， the Bank recorded total assets of HK$49.07 billion and net assets of HK$7.38 billion. The total assets and total loans of the bank account for approximately 0.7% and 1.3% of those of all licensed banks in Hong Kong. As reflected by its previous financial results， Bank of America (Asia) is characterized with reliable operations， well-established business processes， experienced management， quality staff force， healthy financial performance and premium assets.

　　China Construction Bank (HKEX Stock Code: 0939) CCB is a pioneer of improving and developing the PRC banking sector. It is the first of the big four PRC commercial banks to complete establishment as a joint stock bank in 2004. In 2005， we introduced Bank of America and Temasek as strategic partners. CCB succeeded in listing on the Hong Kong Stock Exchange in October that year and became a public bank with investors all over the world. In the meantime， CCB continued to strengthen the corporate management infrastructure， as well as carry out a series of effective revolutions and innovations in aspects like internal organization structure， risk and internal control management， human resources management and operation workflow reengineering. It has successfully become a bank with the most comprehensive competitiveness， customer service ability， risk control ability and profitability， and won wide recognition both in China and overseas. CCB was awarded “Bank of the Year” in the PRC by The Banker in 2005. In Asiaweek released in July 2006， among the Top 300 Banks in Asia， CCB was the bank with the “Highest Net Interest Income” and “Highest Net Profit”， rated as the “Most Profitable Bank in Asia”.

　　CCB has been awarded the "Bank of the Year'' in China in 2005 by The Banker magazine. It is also ranked the 11th place and the first place respectively on the lists of "Top 1000 Global Banks" and "Top 100 PRC Banks" published by The Banker. In addition， CCB has secured the seventh place on the list of "Top 300 Asian Banks" released by Asiaweek. It is also recognized as the bank with the "highest net interest income" and the "highest net profit"， and is therefore rated as the "most profitable bank in Asia." CCB has been awarded the "Best Managed Company"， "Best Corporate Governance"， "Best Commitment To Strong Dividend" released by FinanceAsia.