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
Add BT as a preferred source
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.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Indonesian court upholds earlier dismissal of 2.28 trillion rupiah claim on Keppel unit’s land
Xi Jinping has just rewritten the rules of US-China rivalry
Wilmar, Musim Mas among palm-oil firms in Indonesia under probe for suspected export under-invoicing
China traders rush for exit after cross-border flow crackdown
