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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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Zhao Yifan

Zhao Yifan

Published Wed, Jul 3, 2024 · 05:00 AM
    • Wang Shuguang, CICC’s head of investment banking, says that the bank intends to open a branch office in Indonesia.
    • Wang Shuguang, CICC’s head of investment banking, says that the bank intends to open a branch office in Indonesia. PHOTO: CICC

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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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    ChinaAseanFinancial institutionsinvestment banking

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