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With $186 billion of cash, CCB hasn’t made any acquisitions abroad since August 2006. That’s when the Chinese lender bought Bank of America Corp.’s Hong Kong and Macau unit for $1.25 billion, gaining 17 branches. Revenue from outside mainland China accounted for 1.7 percent of Construction Bank’s total in 2008. In the past year, CCB's larger rival ICBC has spent more than $6 billion on acquisitions in Indonesia, Macau and South Africa in the past two years. Construction Bank is also seeking to buy “close to” 50 percent of China Cinda Asset Management Corp., one of the four firms set up by the government in 1999 to clean up banks’ balance sheets after they racked up bad debts.