China Construction Bank opens 4 branches in Europe on Tuesday.

BEIJING, July 1 (Xinhua) — China Construction Bank (CCB) opened four branches in Europe on the day, bringing the total number of its European operating institutions to 10, Wang Hongzhang, chairman of CCB, announced on Tuesday local time in Paris.

The four branches are located in Paris, capital city of France, Amsterdam, capital city of the Netherlands, Barcelona in Spain and Milan in Italy respectively.

The four new branch banks will focus on corporate business at first, catering to large and medium-sized Chinese companies which seek to expand presence in Europe and large local firms, according to Wang.

Statistics from the CCB show that the bank’s market value stood at 207.9 bln US dollars by the end of 2014, ranking the fourth in listed banks in the world. enditem