China’s largest investment Bank CICC makes entry into Pakistan
ISLAMABAD - HBL, the largest bank in Pakistan has entered into an agreement with China International Capital Corporation Limited (CICC), the largest investment bank in China, to provide investment banking services to companies in Pakistan and China.
This partnership will provide world-class investment banking services covering mergers & acquisitions, advisory services, capital and bond issuance, loan syndications etc.
As the economic cooperation between Pakistan and China increases, HBL and CICC will play a leading role in the next phase of CPEC, in creating partnership between corporates, in turn attracting foreign direct investment to Pakistan. CICC and HBL have access to heads of leading companies, governments, regulators and other stakeholders which will ensure swift and seamless transaction execution.
The agreement was signed by Mr. Muhammad Aurangzeb –President & CEO HBL and Mr. Huang Zhaohui–Member of the Management Committee CICC, in the presence of Mr. Sultan Ali Allana – ChairmanHBL, Mr. Bi Mingjian–Acting ChairmanCICC, Mr. Farhan Talib – Head Corporate & Investment Banking HBL,Ms. Feng Danyun–Head of Business Support, Coordination & Public Relations Department – CICC along with other members of both organizations.