China Construction Bank Seen as Pick for BlackRock, Goldman

If you think things will keep getting better for China’s biggest banks, look no further than China Construction Bank Corp.

Goldman Sachs Group Inc. and Morgan Stanley are among at least 16 brokerages that have raised their target prices for China’s second-largest bank this year. Institutional investors including BlackRock Inc. and Invesco Ltd. have recently increased their CCB holdings, data compiled by Bloomberg show.

“CCB is my top pick,” said Marco Yau, a senior analyst at CEB International Investment Corp. “Among all major Chinese banks, CCB has been the one delivering good results time after time.”