Banks' overseas M&A challenges outlined

Chinese banks have good reasons to venture abroad but face a range of challenges, so they need to be selective as they pursue cross-border merger and acquisition (M&A) deals.

According to a latest report, titled Venturing Abroad: Chinese Banks and Cross-border M&A, compiled by The Boston Consulting Group (BCG), Chinese banks have been seeking larger and more ambitious M&A deals, many of which have involved taking stakes in foreign institutions.

BCG is a global management consulting firm and the world's leading advisor on business strategy.