Investors looking for a big statement from Commonwealth Bank on its Asian plans at yesterday's strategy briefing would have been disappointed. CBA chief executive Ian Narev said the bank would continue to build up its businesses in Indonesia, where it has 87 branches, and China, where it has several partnerships and a Shanghai branch licence.Narev said Indonesia was a "long-term build-out" with "no change of emphasis".In China, CBA is working on winning a Beijing branch licence and aims to develop its trade finance and Chinese currency capability. Vietnam and India, where CBA also operates, did not rate a mention in the presentation.Narev said a part of the bank's business which has a strong global presence that was often overlooked was its Global Asset management unit. The business, which is part of its Bas wealth management division, generates 50 per cent of the bank's revenue and profits offshore."We will look for ways to build on that strength," Narev said.But Narev warned investors not to hold their breath for acquisitions in other Asian markets. "We don't have an M&A strategy," he said.International Financial Services Asia (retail and SME banking in Indonesia, China, Vietnam and India) made a net profit of $53 million in the 2010/11 financial year - 0.78 per cent of group earnings.