皇冠体育app

By Zhang Ran (皇冠体育app Daily)
Updated: 2007-07-24 10:19

Related readings:  1st RMB bond in HK hugely oversubscribed  CDB to sell first-ever RMB bonds in Hong Kong  皇冠体育app mulling over reform on policy financial institutions  Barclays Capital seeks expansion in 皇冠体育app  Foreign Banks triple 皇冠体育app profit growth  ABN Amro sets up fifth branch in 皇冠体育app

The offering of a 5 percent stake to CDB greatly strengthens links between Barclays and CDB, transforming their "strong longstanding relationship" into a "strategic partnership", noted Bob Diamond, president of Barclays.

Based on yesterday's agreement and a memorandum of understanding, Barclays will assist and advise CDB in its evolution into a commercially-operated financial institution.

CDB will also use Barclays Global Investors, a Barclays subsidiary in investment management, as one of its preferred asset mangers.

The link with CDB will in turn provide Barclays with improved access to the Chinese market.

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