Deal to cooperate
By Lydia Chen |
February 19, 2011, Saturday
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Print Edition
Print Edition
CHINA International Capital Corp yesterday signed a cooperation deal with Shanghai International Group, as part of Shanghai's ambition to be a global financial center.
The deal with CICC, one of China's largest investment banks, will back up the city's efforts to boost its influence in financial industry.
SIG was established with a registered capital of 5 billion yuan (US$760 million) by the Shanghai city government to restructure state-owned enterprises and regulate trust businesses.
The deal with CICC, one of China's largest investment banks, will back up the city's efforts to boost its influence in financial industry.
SIG was established with a registered capital of 5 billion yuan (US$760 million) by the Shanghai city government to restructure state-owned enterprises and regulate trust businesses.
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