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| Name | Symbol | Market | Type |
|---|---|---|---|
| Industrial and Commercial Bank of China Ltd (PK) | USOTC:IDCBY | OTCMarkets | Depository Receipt |
| Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.08 | 0.68% | 11.93 | 11.80 | 12.15 | 11.93 | 11.85 | 11.91 | 13,449 | 21:01:03 |
From May 2019 to May 2024
By Nathan Allen
Commerzbank AG (CBK.XE) and Industrial & Commercial Bank of China Ltd. (1398.HK) have launched a partnership to support projects relating to China's Belt and Road Initiative, Commerzbank said Thursday.
The Belt and Road Initiative is an extensive Chinese investment program that seeks to expand maritime routes and land infrastructure networks connecting China with Asia, Africa and Europe.
The new partnership covers project financing, capital markets and trade finance, and builds on an existing agreement between the two banks, Commerzbank said.
The German lender said it aims to support Belt and Road Initiative-related projects with a business volume of $5 billion in the next five years.
Write to Nathan Allen at nathan.allen@dowjones.com
(END) Dow Jones Newswires
July 19, 2018 04:17 ET (08:17 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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