Following its acquisition of a 40% shareholding in The Ritz-Carlton, Hong Kong last November China Construction Bank will pay the Lai Sun Development Company HK$417 million for an additional 10% holding in the hotel. As a result, China Construction Bank and Lai Sun Development will each hold 50% of the shares in the hotel.

The Ritz-Carlton, Hong Kong located at 3 Connaught Road, Central, was originally owned by a subsidiary of Lai Sun Development. In November 2007, China Construction Bank signed an agreement with Lai Sun Development to cooperate in rebuilding the hotel as a Grade A office building, with parts of the building to be used for China Construction Bank's operational offices.

China Construction Bank said that the company's acquisition of hotel shares is aimed at expansion in overseas market, taking Hong Kong as an important area to offer financial services for mainland and Hong Kong as well as Macau.

According to local media, China Construction Bank has set up some business organizations in Hong Kong and most of these will occupy the building after The Ritz-Carlton, Hong Kong rebuilding is completed in 2011.