Tycoon tells university delegation of his US plans

The head of one of China's largest private construction companies says he is considering expanding his business operations to the United States.

Yan Jiehe, founder of China Pacific Construction Group, said he would travel to the US in October to explore investment opportunities that range from real estate to manufacturing. He declined to disclose whether any specific negotiations are already under way.

Established in 1995, China Pacific Construction has been involved with major projects, including the Beijing-Shanghai Expressway and Jiangyin Yangtze River Bridge.