China’s oldest investment bank CICC eyes growth in South-east Asia
The need for infrastructure funding, consumer products and new-energy solutions continue to generate opportunities in the region
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CHINA International Capital Corporation (CICC), the country’s oldest investment bank, is strengthening its operations in South-east Asia with a primary focus on Vietnam and Indonesia, a senior executive of the bank has said.
The partially state-owned investment and financial-services company received approval in Ho Chi Minh City, Vietnam’s most populous city and its economic hub, last September to open a representative office for marketing and sales.
CICC also intends to apply for licences to set up a branch office in Indonesia.
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