Connect with us

Hi, what are you looking for?

News

ICBC, Singapore companies ink MoUs

Business Solutions for IT Managers: ICBC Credit Suisse elevates business vitality with an enterprise private cloud computing platform powered by Intel Virtualization Technology (Intel VT).

Industrial and Commercial Bank of China has entered in MoUs with Singapore based companies with an aim to help Singapore companies to tap infrastructure opportunities in China’s One Belt, One Road (OBOR) initiative. ICBC has signed MoUs with International Enterprise (IE) Singapore and with shipping firms including Pacific International Lines China and Berhard Schulte. Under agreement with IE, ICBC will provide financing services and look at project structuring to support Singapore companies in OBOR infrastructure projects across Asia. The agreement with Pacific International Lines China and Berhard Schulte is as part of the launch of the Shipping Finance Centre in Singapore. The finance centre will allow ICBC to securitise its shipping loans by tapping the Singapore bond market, among other activities.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Don't miss our updates on your email

Subscribe to our Newsletter

PR Newswire

Copyright © Glocal Infomart Pvt Ltd. All rights reserved. Usage of content from website is subject to Terms and Conditions.