ICBC Singapore to offer investment banking services
(17 April 2018 – Singapore) ICBC Singapore is entering the world of investment banking following accreditation as an issue manager from the Singapore Exchange Ltd.
Real estate developers and property owners in China will be the initial focus however the bank also plans to cater to healthcare, consumer and tech companies for non-REITs/BT IPOs.
“With the continuous progression of Belt and Road Initiatives (BRI) as well as the increase in economic cooperation between China and Singapore, we have seen strong interest from Chinese companies to tap into Singapore’s capital markets,” Geng Hao, ICBC Singapore deputy general manager said in a press release.
“As China’s largest bank and the official RMB clearing bank of Singapore, ICBC Singapore will continue to work closely with SGX to promote Singapore’s capital markets to Chinese businesses,” he added.
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