China Construction Bank says focus on organic growth

BEIJING Aug 24 (Reuters) - China Construction Bank (601939.SS)(0939.HK) does not rule out overseas acquisitions but its business focus is squarely on organic growth, Guo Shuqing, chairman of the country's second-largest lender by assets, said on Monday.

Any foreign acquisitions would not be major, Guo said at a briefing for reporters on the bank's interim earnings, which it released on Friday. [ID:nHKG273680]

Bank of America (BAC.N) holds a stake of about 11 percent in China Construction Bank. (Reporting by Michael Wei and Alan Wheatley; Editing by Chris Lewis)