ICBC International Signs Framework Agreement with China Renaissance for Long-Term Strategic Cooperation
HONG KONG, March 26, 2017 /PRNewswire/ -- China Renaissance Group (CR Group), a leading financial institution dedicated to serving new economy entrepreneurs, and ICBC International Holdings Limited (ICBC International), the sole overseas investment platform of the Industrial and Commercial Bank of China (ICBC), have formed a strategic partnership under which they will combine forces to provide financial services across mainland China, Hong Kong and the United States.
The strategic partnership will enable CR Group to tap into ICBC International's strong capital base and credit support and allow ICBC International to leverage CR Group's extensive experience in providing financial services to new economy enterprises. Under the agreement, both parties will share strategic insights and resources and set up a special fund to collaborate in four key business areas - corporate finance, asset management, capital markets and wealth management.
Lin Cong, Chairman of ICBC International, said, "As a licensed corporation and a wholly-owned subsidiary of ICBC, ICBC International, under The Belt and Road Initiative, has developed a formidable reputation in the Hong Kong capital markets, through the growth of our four lines of businesses - corporate finance, investment management, sales and trading and asset management. This framework agreement with CR Group elevates our relationship to a strategic level as we will enhance our cooperation in the areas of corporate finance, capital markets and wealth management. We will be sharing resources including our brand, client base, capital and sales network, and look forward to further developing a successful partnership with CR Group."
Fan Bao, Chairman and CEO of CR Group, said, "Through this strategic partnership, which covers key areas including cross-border transactions, asset management and other investment services, CR Group will enhance our ability to provide credit and capital support to our client base in Hong Kong and international markets. It also helps us strengthen our collaboration with other Chinese and international financial institutions, which is a critical strategic pillar in our goal to provide truly global services to our clients."
ICBC International is the sole overseas investment platform for ICBC and has a premier brand, an extensive client base, strong capital base and sales network. CR Group has extensive and strong client base in the new economy space and is the only Chinese-funded financial services firm licensed to provide full-service advisory and securities support in mainland China, Hong Kong and the United States.
About ICBC International
ICBC International Holdings Limited ("ICBC International") is the wholly-owned HK subsidiary of the Industrial and Commercial Bank of China Limited ("ICBC").
ICBC International is an HK-incorporated company that has wide exposure to onshore and offshore capital markets. Leveraging on the parent ICBC's premier brand, strong capital base, extensive client base and innovative financial products in China, it offers the PRC and overseas investment communities with a variety of quality financial services and products including sponsorship and underwriting, direct investment, securities sales and brokerage, asset management, bonds underwriting, merger & acquisition, restructuring advisory, top-up equity financing and placing, financial advisory, futures/derivatives, debt financing, market research and others.
ICBC International, the wholly-owned licensed platform of ICBC, has talented professionals and is led by a quality management team that has proven track records and global capital market experiences. The Company offers a variety of financial products and unique investor coverage. Riding on China's rapid economic growth and the emergence of RMB capital market, ICBC International is dedicated to be one of the top-tier institutions. By integrating with the ICBC group to unify its business operations, ICBC International can offer a full spectrum of quality financial products and services to achieve its mission - to create, win and develop together with clients.
About China Renaissance
China Renaissance Group is a leading financial institution providing a range of financial services, including private placement advisory, M&A advisory, securities underwriting, sales & trading, and investment management. The group is dedicated to serving new economy entrepreneurs with one-stop financial solutions in Mainland China, Hong Kong, and the United States.
China Renaissance maintains offices in Beijing, Shanghai, Hong Kong, and New York, employing approximately 500 professionals. Since its establishment in 2004, China Renaissance has grown to become a top advisor and service provider to China's entrepreneurs and investors. As of December 2016, the group has completed more than 420 transactions with over USD 80 billion in total deal value.
For more information, please visit: www.chinarenaissance.com
For media enquiries, please contact:
ICBC International
Chen Cuiping(Hong Kong)
Tel: +852 26833835
Email: [email protected]
Cheng Shi(Hong Kong)
Tel: +852 26833231
Email: [email protected]
China Renaissance
Lexie Liang (Beijing)
China Renaissance
Tel: +86-10-8567-9988 ext. 8852
Email: [email protected]
Siobhan Zheng (Hong Kong)
Brunswick Group
Mobile: +852 91315202
Email: [email protected]
SOURCE China Renaissance Group
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