The Xinhua-run Shanghai Securities News quoted unnamed CCB sources as saying that the acquisition rumors reported by foreign media were groundless.
CCB released a circular denying an acquisition rumor relating to Wall Street investment bank Bear Stearns in April.
The newspaper said that the acquisition buzz might reflect CCBs solid performance after going public in Hong Kong last October.
The banks return on assets - 1.11 percent - and its return on equities - 21.59 percent - are currently the highest of Chinas Big Four state banks and close to the average level of banks in developed countries.
These two healthy indices are believed to have stoked speculation that CCB may be hunting for an overseas acquisition, said the newspaper.
CCBs 2005 annual report stated that its core capital reached 287.7 billion yuan (36 billion U.S. dollars) by last December, up 47.1 percent on a year earlier. Its capital adequacy ratio, a measure of capital in relation to outstanding loans, rose to 13.57 percent, up 2.28 percentage points over 2004.
The non-performing loan ratio fell 0.08 percentage points from 2004 to 3.84 percent last year, the lowest of the Big Four banks. Apart from CCB, the Big Four include the Industrial and Commercial Bank of China Corporation, Bank of China and Agricultural Bank of China.
