Our website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

Credit Agricole launches China M&A and investment banking business

by Staff GBAF Publications Ltd
0 comment

HONG KONG (Reuters) – Credit Agricole, France’s second-biggest listed bank, has become the latest foreign lender to boost its China investment banking operations with the launch of a new unit.

The new unit, Credit Agricole (Beijing) Advisory Services, focuses on cross-border merger and acquisition, encompassing purchases, disposals and capital raising, it said in a statement on Monday.

The unit which began operations on March 10 is overseen by Huai Yang as head of the operation, the bank said.

The “new strategic set-up will strengthen the bank’s capabilities to connect local and international clients to investment opportunities, both inbound and outbound, presented by the world’s second-largest economy”, said Jean-François Deroche, the bank’s senior regional officer for Asia-Pacific.

Previously, the bank served its Chinese advisory clients from its offshore base.

Some global banks are accelerating their expansion in China with the government granting a few major licences since earlier this year.

British bank Standard Chartered won approval to set up a new securities brokerage unit in January, and J.P. Morgan and Morgan Stanley were permitted to take full ownership in their fund units in January and February, respectively.


(Reporting by Selena Li; Editing by Jacqueline Wong)